Enact Holdings (ACT) CEO converts RSUs and uses shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enact Holdings, Inc. President and CEO Rohit Gupta reported equity compensation activity. On February 9, 2026, 31,762 restricted stock units converted into the same number of Enact common shares, a non-cash derivative exercise. The company then withheld 10,348 shares at $42.39 per share to cover related tax obligations. After these transactions, Gupta directly owned 391,169 shares of Enact common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
31,762 shares exercised/converted
Mixed
3 txns
Insider
Gupta Rohit
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 31,762 | $0.00 | -- |
| Exercise | Common Stock | 31,762 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,348 | $42.39 | $439K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 401,517 shares (Direct)
Footnotes (1)
- Each restricted stock unit will settle 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 Restricted Stock Units that vested on February 9, 2026 Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 9, 2024
FAQ
What insider transactions did Enact (ACT) CEO Rohit Gupta report on February 9, 2026?
Rohit Gupta reported the conversion of 31,762 restricted stock units into Enact common shares, followed by the withholding of 10,348 shares at $42.39 per share to satisfy tax obligations. These were compensation-related, not open-market, transactions.
What does the restricted stock unit conversion mean for Enact (ACT) CEO Rohit Gupta?
The conversion means 31,762 restricted stock units settled into the same number of Enact common shares at a $0.00 exercise price. This reflects equity compensation vesting rather than a purchase, increasing his holdings before the company’s separate tax-withholding share reduction.
How do Enact (ACT) restricted stock units vest for CEO Rohit Gupta?
The restricted stock units vest and convert to Enact common stock in three equal annual installments beginning on February 9, 2024. Each vested unit settles into one share of common stock, as disclosed in the footnotes to the Form 4 filing.
What transaction codes appear in Enact (ACT) CEO Rohit Gupta’s Form 4 and what do they indicate?
The Form 4 shows code M for the exercise or conversion of 31,762 restricted stock units into common stock and code F for the tax-withholding disposition of 10,348 shares. Both transactions are reported as direct ownership events related to equity compensation.