Enact (ACT) EVP Stolove converts RSUs, 578 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enact Holdings EVP and General Counsel Evan Stolove reported equity compensation activity involving restricted stock units and common shares. On February 20, 2026, 2,029 restricted stock units were exercised and converted into 2,029 shares of Enact common stock at a price of $0.00 per share.
Following this conversion, Stolove directly owned 39,384 common shares before tax withholding. To satisfy tax obligations on the vested restricted stock units, the company withheld 578 common shares at a price of $41.43 per share, leaving Stolove with 38,806 directly owned common shares after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,029 shares exercised/converted
Mixed
3 txns
Insider
Stolove Evan
Role
EVP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,029 | $0.00 | -- |
| Exercise | Common Stock | 2,029 | $0.00 | -- |
| Tax Withholding | Common Stock | 578 | $41.43 | $24K |
Holdings After Transaction:
Restricted Stock Units — 4,051 shares (Direct);
Common Stock — 39,384 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 21, 2026 based on the closing price on February 20, 2026. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 21, 2026.
FAQ
What insider transactions did Enact Holdings (ACT) report for Evan Stolove?
Enact Holdings reported that EVP and General Counsel Evan Stolove exercised 2,029 restricted stock units into 2,029 common shares at $0.00 per share. The company then withheld 578 common shares at $41.43 per share to cover tax obligations on the vested restricted stock units.
What does the RSU exercise on Enact (ACT) Form 4 represent?
The RSU exercise represents 2,029 restricted stock units converting into 2,029 Enact common shares on a 1:1 basis at $0.00 per share. This reflects equity compensation vesting for Evan Stolove rather than an open-market stock purchase transaction in Enact shares.
What is the vesting schedule for Evan Stolove’s Enact (ACT) restricted stock units?
Stolove’s restricted stock units vest and convert into Enact common stock in three equal annual installments beginning on February 21, 2026. Each restricted stock unit settles into one share of Enact common stock according to this multi-year vesting schedule described in the filing footnotes.