Enact Holdings (ACT) CEO converts stock units, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enact Holdings, Inc. President and CEO Rohit Gupta reported equity award activity involving Performance Stock Units and common stock. On February 24, 2026, 190,594 Performance Stock Units granted on February 9, 2023 vested and converted into 190,594 shares of common stock on a 1:1 basis. To cover tax withholding obligations from this vesting, 82,795 common shares were withheld at a price of $41.46 per share. After these transactions, Gupta directly owned 518,179 shares of Enact common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
190,594 shares exercised/converted
Mixed
3 txns
Insider
Gupta Rohit
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 190,594 | $0.00 | -- |
| Exercise | Common Stock | 190,594 | $0.00 | -- |
| Tax Withholding | Common Stock | 82,795 | $41.46 | $3.43M |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Common Stock — 600,974 shares (Direct)
Footnotes (1)
- Reflects Performance Stock Units that were granted on February 9, 2023 and settled into shares of Issuer Common Stock on a 1:1 basis. The Company withheld shares of common stock to satisfy the tax withholding obligation for the Reporting Person's Performance Stock Units that vested on February 24, 2026. Performance Stock Units vested and converted to Common Stock on February 24, 2026.
FAQ
What insider transactions did Enact Holdings (ACT) CEO Rohit Gupta report?
Rohit Gupta reported vesting of 190,594 Performance Stock Units that converted into the same number of Enact common shares. A portion of these shares was then withheld to satisfy tax obligations arising from the vesting event on February 24, 2026.
How many Enact Holdings (ACT) Performance Stock Units vested for the CEO?
A total of 190,594 Performance Stock Units vested for Rohit Gupta. These units had been granted on February 9, 2023 and settled into Enact Holdings common stock on a 1:1 basis when they vested and converted on February 24, 2026.
Were the Enact Holdings (ACT) CEO’s transactions open-market buys or sells?
The reported transactions were not open-market trades. They involved the exercise and conversion of Performance Stock Units into common stock and a related share withholding, coded as a tax-liability payment rather than a discretionary purchase or sale in the market.