Enact Holdings (ACT) EVP granted small RSU awards from dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stolove Evan reported acquisition or exercise transactions in this Form 4 filing.
Enact Holdings EVP, General Counsel & Secretary Evan Stolove reported routine equity compensation activity. On June 18, 2026, he received three grants totaling 67 Restricted Stock Units (RSUs), issued at $0.00 per unit and settling 1:1 into common stock.
The RSUs include 28, 24, and 15 units, added under dividend reinvestment terms tied to a $0.24-per-share quarterly dividend paid on June 18, 2026. These RSUs vest in three equal annual installments beginning on February 16, 2025, February 21, 2026, and February 13, 2027, respectively, reflecting standard long-term incentive awards rather than open-market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Stolove Evan
Role
EVP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 15 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 24 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 28 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,526 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit will settle into shares of Issuer common stock on a 1:1 basis. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 16, 2025. Additional restricted stock units acquired pursuant to reinvestment terms in the restricted stock unit award agreement resulting from a quarterly dividend at $0.24 per share, paid on June 18, 2026. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 21, 2026. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 13, 2027.
Key Figures
RSU grant 1: 28 Restricted Stock Units
RSU grant 2: 24 Restricted Stock Units
RSU grant 3: 15 Restricted Stock Units
+2 more
5 metrics
RSU grant 1
28 Restricted Stock Units
Grant/award acquisition on June 18, 2026; 4,930 RSUs following
RSU grant 2
24 Restricted Stock Units
Grant/award acquisition on June 18, 2026; 4,096 RSUs following
RSU grant 3
15 Restricted Stock Units
Grant/award acquisition on June 18, 2026; 2,526 RSUs following
Dividend amount
$0.24 per share
Quarterly dividend paid on June 18, 2026, driving RSU reinvestment
Total RSUs granted
67 Restricted Stock Units
Sum of three RSU awards tied to dividend reinvestment
Key Terms
Restricted Stock Units, quarterly dividend, reinvestment terms, vest and convert
4 terms
Restricted Stock Units financial
"Each restricted stock unit will settle into shares of Issuer common stock on a 1:1 basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
quarterly dividend financial
"resulting from a quarterly dividend at $0.24 per share, paid on June 18, 2026."
A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.
reinvestment terms financial
"acquired pursuant to reinvestment terms in the restricted stock unit award agreement"
vest and convert financial
"Restricted Stock Units vest and convert to Common Stock in three equal annual installments"
FAQ
What insider transaction did Enact Holdings (ACT) report for Evan Stolove?
Enact Holdings reported that EVP, General Counsel & Secretary Evan Stolove received three small RSU grants totaling 67 units on June 18, 2026. These were routine equity awards tied to the company’s dividend reinvestment provisions rather than open-market stock purchases or sales.
How many Restricted Stock Units did Evan Stolove receive in this Enact (ACT) Form 4?
The filing shows Stolove received 28, 24, and 15 Restricted Stock Units, for a total of 67 RSUs. Each RSU converts into one share of Enact common stock, representing modest incremental compensation rather than a large directional change in ownership.
Were Evan Stolove’s Enact (ACT) RSUs tied to a dividend reinvestment?
Yes. A footnote explains that additional Restricted Stock Units were acquired pursuant to reinvestment terms in the RSU award agreement, stemming from a $0.24 per share quarterly dividend paid on June 18, 2026, effectively reinvesting that dividend into new RSUs.
What are the vesting schedules for Evan Stolove’s Enact (ACT) RSUs?
The RSUs vest and convert into common stock in three equal annual installments. Identified tranches begin vesting on February 16, 2025, February 21, 2026, and February 13, 2027, aligning with Enact’s long-term incentive structure for senior executives.
How do Evan Stolove’s Enact (ACT) RSUs convert into common stock?
Each Restricted Stock Unit is structured to settle into one share of Enact common stock on a 1:1 basis. As the awards vest over their three-year schedules, the RSUs convert into common shares without any exercise price obligation for the reporting executive.