Risk chief at Enact (ACT) sells 9,000 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enact Holdings EVP and Chief Risk Officer Michael Derstine reported an open-market sale of 9,000 shares of common stock on March 2, 2026. The weighted average sale price was about $42.213 per share, from individual trades between $42.09 and $42.25. After this sale, he directly holds 39,104 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,000 shares ($379,917)
Net Sell
1 txn
Insider
Derstine Michael
Role
EVP and Chief Risk Officer
Sold
9,000 shs ($380K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,000 | $42.213 | $380K |
Holdings After Transaction:
Common Stock — 39,104 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Enact Holdings (ACT) report for Michael Derstine?
Enact Holdings reported that EVP and Chief Risk Officer Michael Derstine sold 9,000 shares of common stock in an open-market transaction. The sale occurred on March 2, 2026, and was disclosed in a Form 4 insider trading report.
What role does Michael Derstine hold at Enact Holdings (ACT)?
Michael Derstine serves as Executive Vice President and Chief Risk Officer at Enact Holdings. His position is identified in the insider trading report, which links the reported stock sale to his role as a senior officer of the company.
What does the Form 4 transaction code indicate for Enact Holdings (ACT)?
The Form 4 lists transaction code “S,” which indicates a sale in an open market or private transaction. For Enact Holdings, this code confirms that Michael Derstine’s 9,000-share trade was a sale rather than a purchase or other type of disposition.