Enact exec acquires dividend RSUs on Sept. 17
Enact Holdings, Inc. (ACT) reported that EVP and Chief Risk Officer Michael Derstine acquired additional Restricted Stock Units (RSUs) on September 17, 2026 through dividend reinvestment related to existing awards.
Rhea-AI Filing Summary
Enact Holdings, Inc. (ACT) reported that EVP and Chief Risk Officer Michael Derstine acquired additional Restricted Stock Units (RSUs) on September 17, 2026 through dividend reinvestment related to existing awards. The acquisitions covered 13, 21, and 35 RSUs, each settling into common stock on a 1:1 basis and vesting in three equal annual installments tied to prior grant schedules beginning on February 16, 2025, February 21, 2026, and February 13, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 69 shares
Grant/Award
3 txns
Insider
Derstine Michael
Role
EVP and Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F3, F2 | 13 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F4 | 21 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F5 | 35 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 13,592 contracts (Direct)
Footnotes (5)
- F1. Each restricted stock unit will settle into shares of Issuer common stock on a 1:1 basis.
- F2. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 16, 2025
- F3. Additional restricted stock units acquired pursuant to reinvestment terms in the restricted stock unit award agreement resulting from a quarterly dividend at $0.24 per share, paid on September 17, 2026.
- F4. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 21, 2026
- F5. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 13, 2027
Key Figures
RSUs acquired (block 1): 13 RSUs
RSUs acquired (block 2): 21 RSUs
RSUs acquired (block 3): 35 RSUs
+2 more
5 metrics
RSUs acquired (block 1)
13 RSUs
Restricted Stock Units acquired on September 17, 2026 via dividend reinvestment; vesting from February 16, 2025
RSUs acquired (block 2)
21 RSUs
Restricted Stock Units acquired on September 17, 2026 via dividend reinvestment; vesting from February 21, 2026
RSUs acquired (block 3)
35 RSUs
Restricted Stock Units acquired on September 17, 2026 via dividend reinvestment; vesting from February 13, 2027
Quarterly dividend
$0.24 per share
Dividend paid on September 17, 2026, used for RSU dividend reinvestment
RSU-to-common stock conversion rate
1 RSU for 1 share
Each Restricted Stock Unit will settle into one share of Enact common stock
Key Terms
Restricted Stock Units, reinvestment terms, quarterly dividend, vest and convert
4 terms
Restricted Stock Units financial
"Each restricted stock unit will settle into shares of Issuer common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
reinvestment terms financial
"acquired pursuant to reinvestment terms in the restricted stock unit award"
quarterly dividend financial
"resulting from a quarterly dividend at $0.24 per share"
A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.
vest and convert financial
"Restricted Stock Units vest and convert to Common Stock in three equal annual"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Enact Holdings (ACT) report for Michael Derstine?
Enact Holdings reported that EVP and Chief Risk Officer Michael Derstine acquired additional Restricted Stock Units on September 17, 2026, issued as part of dividend reinvestment on his existing RSU awards, all settling into common stock on a 1:1 basis.
How many RSUs did Michael Derstine acquire in the latest Form 4 for ACT?
Michael Derstine acquired three RSU increments of 13, 21, and 35 units on September 17, 2026, all reported as grants or awards with a stated transaction price of $0.00 per unit and settling into common stock on a 1:1 basis.
Why were these additional RSUs granted to the Enact Holdings executive?
The filing states these RSUs were additional restricted stock units acquired under reinvestment terms in the RSU award agreement, resulting from a quarterly dividend of $0.24 per share paid on September 17, 2026.
When will the newly acquired RSUs for ACT’s EVP and Chief Risk Officer vest?
The additional RSUs vest and convert to common stock in three equal annual installments, beginning on February 16, 2025, February 21, 2026, and February 13, 2027, each date corresponding to the original RSU grant schedule it is associated with.
Do the Enact Holdings RSUs reported for Michael Derstine settle into common stock?
Yes. Each Restricted Stock Unit reported will settle into shares of Enact common stock on a 1:1 basis, meaning one share of common stock for each RSU upon vesting and conversion, according to the footnotes.
Were Michael Derstine’s ACT RSU acquisitions made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is marked in a way indicating that no Rule 10b5-1 plan is affirmed for these transactions, and the footnotes describe them as dividend reinvestment under RSU award terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
