Enact controller exercises RSUs, shares withheld for tax
Enact Holdings, Inc. Controller James McMullen exercised restricted stock units that converted into 594 shares of common stock on a one-for-one basis.
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Form Type
4
Rhea-AI Filing Summary
Enact Holdings, Inc. Controller James McMullen exercised restricted stock units that converted into 594 shares of common stock on a one-for-one basis. To cover taxes on the vesting that occurred on April 1, 2026, 169 of these shares were withheld by the company. After these transactions, McMullen directly held 1,697 shares of Enact common stock. The restricted stock units vest in three equal annual installments beginning on April 1, 2025.
Insider Trade Summary
594 shares exercised/converted
Exercise
3 txns
Insider
McMullen James
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 594 | $0.00 | $0.00 |
| Exercise | Common Stock | 594 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 169 | $40.57 | $7K |
Holdings After Transaction:
Restricted Stock Units — 588 contracts (Direct);
Common Stock — 1,697 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 1,182 to 588 contracts (Direct);
Common Stock, 1,272 to 1,697 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit will settle into shares of Issuer common stock on a 1:1 basis.
- 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 April 1, 2026.
- F3. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on April 1, 2025.
Key Figures
RSUs Exercised: 594 shares
Tax Withholding Shares: 169 shares
Withholding Price: $40.57 per share
+3 more
6 metrics
RSUs Exercised
594 shares
Restricted stock units converting to common stock on April 1, 2026
Tax Withholding Shares
169 shares
Shares withheld to satisfy tax obligation on April 1, 2026
Withholding Price
$40.57 per share
Value used for tax-withholding disposition of 169 shares
Post-Transaction Holdings
1,697 shares
Common stock directly owned after all April 1, 2026 entries
Exercise Price on RSUs
$0.00
Restricted stock units settled into common stock at no cash cost
RSU Vesting Schedule
3 annual installments
Beginning April 1, 2025 for restricted stock units
Key Terms
Restricted Stock Units, tax withholding obligation, vested, three equal annual installments, +2 more
6 terms
Restricted Stock Units financial
"Each restricted stock unit will settle into shares of Issuer common stock on a 1:1 basis."
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.
tax withholding obligation financial
"The Company withheld shares of common stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units"
vested financial
"Restricted Stock Units that vested on April 1, 2026."
three equal annual installments financial
"Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on April 1, 2025."
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Enact Holdings (ACT) Controller James McMullen report in this Form 4?
James McMullen reported the exercise of restricted stock units into 594 shares of Enact common stock. The filing also shows a portion of those shares was withheld to cover tax obligations tied to the vesting event on April 1, 2026.
How do McMullen’s Enact (ACT) restricted stock units vest over time?
The restricted stock units vest and convert to common stock in three equal annual installments. The schedule begins on April 1, 2025, providing McMullen with a multi-year equity compensation structure tied to continued service with Enact Holdings.
Was this Enact (ACT) Form 4 a market sale or routine tax withholding?
The disposition shown is routine tax withholding, not an open-market sale. The F-coded transaction indicates shares were delivered back to the company to pay tax liabilities from the RSU vesting, a common administrative feature of equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
