Enact EVP converts RSUs and withholds shares for tax

Enact Holdings EVP and Chief Risk Officer Michael Derstine reported several equity award transactions.

Rhea-AI Filing Summary

Enact Holdings EVP and Chief Risk Officer Michael Derstine reported several equity award transactions. On February 13, 2026, he received a grant of 6,826 Restricted Stock Units (RSUs), each settling into one share of Enact common stock, vesting in three equal annual installments beginning on February 13, 2027.

On February 17, 2026, 2,508 RSUs were exercised and converted into 2,508 shares of common stock at a stated price of $0.0000 per share, reflecting a non-cash derivative conversion. The related RSU balance decreased to 2,498 units, while common stock holdings increased to 34,754 shares before tax withholding.

To cover tax obligations for vested RSUs, the company withheld 712 shares of common stock at a price of $43.2900 per share, leaving Derstine with 34,042 common shares held directly after these transactions. Footnotes state that certain RSU awards vest and convert to common stock in three equal annual installments beginning on February 16, 2025 and February 13, 2027.

Insider Trade Summary

2,508 shares exercised/converted

Exercise 4 txns

Insider Derstine Michael

Role EVP and Chief Risk Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,508	$0.00	$0.00
Exercise	Common Stock	2,508	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	712	$43.29	$31K
Grant/Award	Restricted Stock Units	6,826	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 9,324 contracts (Direct); Common Stock — 34,042 shares (Direct)

Footnotes (4)

1. F1. Each restricted stock unit will settle into shares of Issuer common stock on a 1:1 basis.
2. F2. The Company withheld shares of common stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units that vested on February 16, 2026 based on the closing price on February 13, 2026
3. F3. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 13, 2027
4. F4. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 16, 2025

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Enact Holdings (ACT) report for Michael Derstine?

Enact Holdings reported equity award activity for EVP and Chief Risk Officer Michael Derstine, including a grant of 6,826 Restricted Stock Units, a 2,508-unit RSU conversion into common stock, and 712 common shares withheld to satisfy tax obligations on vested RSUs.

How many Restricted Stock Units did Michael Derstine receive from Enact Holdings (ACT)?

Michael Derstine received a grant of 6,826 Restricted Stock Units. Each RSU will settle into one share of Enact common stock, with the award vesting in three equal annual installments beginning on February 13, 2027, according to the footnote disclosure.

When do Michael Derstine’s Enact Holdings (ACT) RSUs vest and convert to stock?

Certain Restricted Stock Units vest and convert to Enact common stock in three equal annual installments beginning on February 16, 2025 and February 13, 2027. Upon vesting, each RSU settles into one share of the company’s common stock on a one-for-one basis.

What was the tax-withholding share disposition for Enact Holdings (ACT) insider Michael Derstine?

To satisfy tax withholding on vested RSUs, 712 shares of Enact common stock were withheld at a price of $43.2900 per share. This disposition is reported under transaction code F, meaning it covered tax liabilities rather than an open-market sale.

How many Enact Holdings (ACT) shares does Michael Derstine hold after these transactions?

After the Form 4 transactions, Michael Derstine directly holds 34,042 shares of Enact common stock. This figure reflects the RSU conversion of 2,508 shares and the withholding of 712 shares to cover associated tax obligations on the vested Restricted Stock Units.

What does transaction code M mean in the Enact Holdings (ACT) Form 4 for Michael Derstine?

Transaction code M indicates an exercise or conversion of a derivative security. For Michael Derstine, 2,508 Restricted Stock Units were converted into 2,508 shares of Enact common stock at a stated price of $0.0000 per share, reflecting a non-cash equity award conversion.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/18/2026 - 04:17 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Derstine Michael

(Last) (First) (Middle)

C/O ENACT HOLDINGS, INC.

8325 SIX FORKS ROAD

(Street)

RALEIGH NC 27615

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Enact Holdings, Inc. [ ACT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/17/2026		M		2,508	A	(1)	34,754	D
Common Stock	02/17/2026		F		712(2)	D	$43.29	34,042	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/13/2026		A		6,826		(3)	(3)	Common Stock	6,826	$0	6,826	D
Restricted Stock Units	(1)	02/17/2026		M			2,508	(4)	(4)	Common Stock	2,508	$0	2,498	D

Explanation of Responses:

1. Each restricted stock unit will settle into shares of Issuer common stock on a 1:1 basis.

2. The Company withheld shares of common stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units that vested on February 16, 2026 based on the closing price on February 13, 2026

3. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 13, 2027

4. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 16, 2025

Remarks:

	/s/ Joe Jacumin, by power of attorney	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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