Enact (ACT) CFO converts 42,616 units, withholds 17,723 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enact Holdings EVP, CFO and Treasurer Mitchell Hardin Dean reported equity compensation activity involving Performance Stock Units and common stock. On February 24, 2026, 42,616 Performance Stock Units granted on February 9, 2023 vested and converted into the same number of Enact common shares on a 1:1 basis.
To cover tax withholding on the vested units, the company withheld 17,723 common shares at $41.46 per share as a tax-withholding disposition. After these transactions, Dean directly owned 142,298 shares of Enact common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
42,616 shares exercised/converted
Mixed
3 txns
Insider
Mitchell Hardin Dean
Role
EVP, CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 42,616 | $0.00 | -- |
| Exercise | Common Stock | 42,616 | $0.00 | -- |
| Tax Withholding | Common Stock | 17,723 | $41.46 | $735K |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Common Stock — 160,021 shares (Direct)
Footnotes (1)
- Reflects Performance Stock Units that were granted on February 9, 2023 and settled into shares of Issuer Common Stock on a 1:1 basis. The Company withheld shares of common stock to satisfy the tax withholding obligation for the Reporting Person's Performance Stock Units that vested on February 24, 2026. Performance Stock Units vested and converted to Common Stock on February 24, 2026.
FAQ
What equity transactions did Enact (ACT) executive Mitchell Hardin Dean report?
Mitchell Hardin Dean reported vesting of 42,616 Performance Stock Units that converted into common stock, and a withholding of 17,723 common shares at $41.46 each to satisfy tax obligations related to that vesting, leaving him with 142,298 directly owned shares.
How many Enact (ACT) Performance Stock Units vested for the CFO?
A total of 42,616 Performance Stock Units vested for the Enact CFO. These units were originally granted on February 9, 2023 and settled into the same number of Enact common shares on a 1:1 basis when they vested on February 24, 2026.
Were the Enact (ACT) Performance Stock Units converted into common stock on a 1:1 basis?
Yes, the Performance Stock Units converted into Enact common stock on a 1:1 basis. All 42,616 units granted on February 9, 2023 vested and were settled into an equal number of Enact common shares on February 24, 2026, according to the footnotes.