Enact director receives 6,720 Deferred Stock Units
Addesso Dominic James reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Addesso Dominic James reported acquisition or exercise transactions in this Form 4 filing.
Enact Holdings, Inc. director and board chair Dominic James Addesso reported a compensation-related grant of 6,720.820 Deferred Stock Units, representing a portion of his annual retainer fee and based on a Common Stock price of $43.149 per share. These Deferred Stock Units become payable in shares of Common Stock one year after his termination of service as a director. Following this grant, he directly holds 16,013.983 Deferred Stock Units, with additional indirect holdings tied to entities associated with him.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 6,720.82 shares
Grant/Award
3 txns
Insider
Addesso Dominic James
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 6,720.82 | $0.00 | $0.00 |
| holding | Deferred Stock Units | -- | -- | -- |
| holding | Deferred Stock Units | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 16,013.983 contracts (Direct);
Deferred Stock Units — 24,177 contracts (Indirect, Deborah Addesso Exempt Irrevocable Trust f/b/o Dominic dated December 28, 2021);
Deferred Stock Units — 20,650 contracts (Indirect, By D.J. Addesso Holdings, LLC)
Footnotes (2)
- F1. Deferred Stock Units become payable in shares of Common Stock one year after termination of service as a director.
- F2. The number of Deferred Stock Units acquired represents a portion of the Reporting Person's annual retainer fee and was based on a price of $43.149 per share of Common Stock.
Key Figures
Deferred Stock Units granted: 6,720.820 units
Reference share price: $43.149 per share
Direct Deferred Stock Units after grant: 16,013.983 units
+3 more
6 metrics
Deferred Stock Units granted
6,720.820 units
Portion of annual retainer fee
Reference share price
$43.149 per share
Basis for Deferred Stock Unit calculation
Direct Deferred Stock Units after grant
16,013.983 units
Held directly by Dominic James Addesso
Indirect DSUs via D.J. Addesso Holdings, LLC
20,650 underlying shares
Deferred Stock Units, indirect ownership
Indirect DSUs via irrevocable trust
24,177 underlying shares
Deborah Addesso Exempt Irrevocable Trust
Exercise price of DSUs
$0.0000
Deferred Stock Units linked to Common Stock
Key Terms
Deferred Stock Units, annual retainer fee, Common Stock, irrevocable trust
4 terms
Deferred Stock Units financial
"Deferred Stock Units become payable in shares of Common Stock one year after termination of service as a director."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
annual retainer fee financial
"The number of Deferred Stock Units acquired represents a portion of the Reporting Person's annual retainer fee and was based on a price of $43.149 per share of Common Stock."
Common Stock financial
"Deferred Stock Units become payable in shares of Common Stock one year after termination of service as a director."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
irrevocable trust financial
"Deborah Addesso Exempt Irrevocable Trust f/b/o Dominic dated December 28, 2021"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Dominic James Addesso report at Enact Holdings (ACT)?
Dominic James Addesso reported receiving 6,720.820 Deferred Stock Units as part of his annual retainer fee. The units are a compensation grant, not an open-market trade, and are tied to Enact Holdings’ Common Stock at a reference price of $43.149 per share.
How many Deferred Stock Units does Dominic James Addesso now hold directly in Enact Holdings (ACT)?
After the reported grant, Dominic James Addesso directly holds 16,013.983 Deferred Stock Units. These units are linked to Enact Holdings’ Common Stock and represent deferred director compensation rather than immediate share ownership or a traditional stock purchase transaction.
When will the reported Deferred Stock Units for Enact Holdings (ACT) become payable?
The Deferred Stock Units become payable in shares of Enact Holdings Common Stock one year after Dominic James Addesso’s termination of service as a director. Until that time, the units function as deferred, stock-linked compensation rather than immediately deliverable shares.
How was the number of Deferred Stock Units granted to Dominic James Addesso at Enact Holdings (ACT) determined?
The number of Deferred Stock Units granted, 6,720.820 units, represents a portion of his annual retainer fee. It was calculated using a reference price of $43.149 per share of Enact Holdings Common Stock, as stated in the filing footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
