Enact Holdings (ACT) EVP converts PSUs and disposes shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enact Holdings executive reports equity award activity and tax withholding. EVP and General Counsel Evan Stolove exercised 19,072 Performance Stock Units granted on February 9, 2023, which settled into 19,072 shares of common stock on a 1:1 basis on February 24, 2026.
On the same date, 5,851 shares of common stock were disposed of at $41.46 per share to satisfy tax withholding obligations related to the vesting of these Performance Stock Units. After these transactions, Stolove directly owned 52,027 shares of Enact Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,072 shares exercised/converted
Mixed
3 txns
Insider
Stolove Evan
Role
EVP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 19,072 | $0.00 | -- |
| Exercise | Common Stock | 19,072 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,851 | $41.46 | $243K |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Common Stock — 57,878 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 transactions did Enact Holdings (ACT) executive Evan Stolove report on this Form 4?
Evan Stolove reported exercising 19,072 Performance Stock Units into 19,072 shares of common stock, then disposing of 5,851 shares to cover tax withholding at $41.46 per share. These transactions reflect routine equity award vesting and related tax settlement activity.
Were the Enact Holdings (ACT) Form 4 transactions open-market buys or sells?
The filing shows no open-market buys or sells. Stolove’s 19,072-share increase came from Performance Stock Units converting into common stock, while 5,851 shares were disposed of solely to satisfy tax withholding obligations tied to the vesting of those units.
What are the details of the Performance Stock Units reported by Enact Holdings (ACT)?
The Performance Stock Units were granted on February 9, 2023, and vested on February 24, 2026. They settled into shares of Enact Holdings common stock on a 1:1 basis, resulting in 19,072 new common shares being issued to Evan Stolove through derivative exercise/conversion.
What role does Evan Stolove hold at Enact Holdings (ACT) in this Form 4 filing?
Evan Stolove is identified as Executive Vice President, General Counsel and Secretary of Enact Holdings. The Form 4 reflects his personal equity compensation activity, including the vesting and conversion of Performance Stock Units and the related tax-withholding share disposition.