Enact Holdings (ACT) director awarded 162 deferred stock units via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
THOMPSON WESTLEY V reported acquisition or exercise transactions in this Form 4 filing.
Enact Holdings director Westley V. Thompson received an automatic grant of 162 Deferred Stock Units on Common Stock-equivalent terms. These units were credited at a price of $0.21 per share under reinvestment terms tied to a dividend paid on March 19, 2026. Following this compensation-related award, Thompson directly holds a total of 30,705.457 Deferred Stock Units, which will be settled in shares of Common Stock one year after his termination of service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
THOMPSON WESTLEY V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 162 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 30,705.457 shares (Direct)
Footnotes (1)
- Deferred Stock Units become payable in shares of Common Stock one year after termination of service as a director. Additional deferred stock units acquired pursuant to reinvestment terms under the director award agreement from a dividend paid on March 19, 2026, at $0.21 per share.
FAQ
What insider transaction did Enact Holdings (ACT) report for Westley V. Thompson?
Enact Holdings reported that director Westley V. Thompson acquired 162 Deferred Stock Units. The units were granted as part of director compensation and credited under reinvestment terms linked to a dividend, not through an open-market stock purchase or sale.
How many Enact Holdings (ACT) Deferred Stock Units does Westley V. Thompson hold after this filing?
After this award, director Westley V. Thompson directly holds 30,705.457 Deferred Stock Units. These units represent a right to receive an equivalent number of Enact Holdings common shares, payable after his service as a director ends, rather than immediate ownership of common stock.
What are Deferred Stock Units in the Enact Holdings (ACT) Form 4 filing?
The filing describes Deferred Stock Units as rights that become payable in Enact Holdings Common Stock. Payment occurs one year after termination of service as a director, allowing directors to defer receipt of shares instead of taking immediate equity compensation.
How were the new Enact Holdings (ACT) Deferred Stock Units for Thompson calculated?
The additional 162 Deferred Stock Units were acquired under reinvestment terms in the director award agreement. They stem from a dividend paid on March 19, 2026, with a reference price of $0.21 per share, effectively reinvesting that dividend into additional deferred units.
Is the Enact Holdings (ACT) Form 4 transaction an open-market buy or sell?
No. The transaction is reported with code A, described as a grant, award, or other acquisition of Deferred Stock Units. It reflects automatic director compensation and dividend-based reinvestment, not an open-market purchase or sale of Enact Holdings common stock.