Enact director reports 18,586-unit DSU gifts
Enact Holdings, Inc. director and chairperson Dominic James Addesso reported non-market gifts of Deferred Stock Units tied to Enact common stock.
Rhea-AI Filing Summary
Enact Holdings, Inc. director and chairperson Dominic James Addesso reported non-market gifts of Deferred Stock Units tied to Enact common stock. Two bona fide gift transactions transferred a total of 18,586 units to his spouse, with no sale proceeds and a stated price of $0.00 per unit. The Deferred Stock Units become payable in shares of common stock one year after his termination of service as a director. Following these transactions, he continues to hold Deferred Stock Units corresponding to 20,650 underlying shares through D.J. Addesso Holdings, LLC and 24,177 underlying shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,586 shares gifted
Gift
4 txns
Insider
Addesso Dominic James
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Deferred Stock Units | 9,293 | $0.00 | $0.00 |
| Gift | Deferred Stock Units | 9,293 | $0.00 | $0.00 |
| holding | Deferred Stock Units | -- | -- | -- |
| holding | Deferred Stock Units | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 6,720.983 contracts (Direct);
Deferred Stock Units — 9,293 contracts (Indirect, Deborah Addesso, in her individual capacity);
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. Deferred Stock Units in these transactions were gifted to the reporting person's spouse, Deborah Addesso.
Key Figures
Gifted Deferred Stock Units: 18,586 units
Individual DSU gift size: 9,293 units
Exercise price of DSUs: $0.00 per unit
+4 more
7 metrics
Gifted Deferred Stock Units
18,586 units
Total bona fide gifts of Deferred Stock Units
Individual DSU gift size
9,293 units
Each of two bona fide gift transactions
Exercise price of DSUs
$0.00 per unit
Conversion/exercise price for Deferred Stock Units
Indirect DSU holdings via LLC
20,650 underlying shares
Deferred Stock Units held through D.J. Addesso Holdings, LLC
Indirect DSU holdings via trust
24,177 underlying shares
Deferred Stock Units held through a Deborah Addesso trust
Gift transaction count
2 transactions
Bona fide gift code G entries in Form 4
Gift shares summary
18,586 shares
GiftShares total in transaction summary
Key Terms
Deferred Stock Units, bona fide gift, indirect ownership, underlying security
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.
bona fide gift financial
"The transactions are coded G with the description "Bona fide gift" for the gifted Deferred Stock Units."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect ownership financial
"Several holdings are reported as indirect, including positions held through D.J. Addesso Holdings, LLC and a trust."
underlying security financial
"Each Deferred Stock Unit position references an underlying security title of Common Stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Enact Holdings (ACT) report for Dominic James Addesso?
Dominic James Addesso reported two bona fide gift transactions involving Deferred Stock Units. He transferred a total of 18,586 units to his spouse, reflecting a non-market disposition rather than an open-market sale, with the units priced at $0.00 per unit.
How many Enact Holdings (ACT) Deferred Stock Units were gifted in this Form 4?
The Form 4 shows gifts totaling 18,586 Deferred Stock Units. These are reported as two separate bona fide gift transactions of 9,293 units each, both relating to Deferred Stock Units convertible into Enact Holdings common stock at an exercise price of $0.00.
Does the Enact Holdings (ACT) Form 4 show any open-market buying or selling?
No open-market buying or selling is shown in this Form 4. The only transactions classified as dispositions are two bona fide gifts of Deferred Stock Units, which do not generate sale proceeds or reflect market trading activity in Enact Holdings shares.
What Deferred Stock Unit holdings does Dominic James Addesso retain in Enact Holdings (ACT)?
After the reported transactions, he retains Deferred Stock Units representing 20,650 underlying common shares through D.J. Addesso Holdings, LLC and 24,177 underlying common shares through a separate trust, according to the derivative holdings summary in the Form 4 data.
When will the Enact Holdings (ACT) Deferred Stock Units become payable in common stock?
The filing states that the Deferred Stock Units become payable in shares of Enact common stock one year after Dominic James Addesso’s termination of service as a director, linking eventual share delivery to the end of his board tenure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
