Enact Holdings Form 4: Michael Derstine RSU Vesting and Dividend Reinvestment

Rhea-AI Filing Summary

Enact Holdings insider award and vesting update: Michael Derstine, EVP and Chief Risk Officer of Enact Holdings (ACT), reported acquisitions of restricted stock units (RSUs) on 09/08/2025 that will convert 1:1 into common stock. Three RSU grants or reinvestments were recorded: 16, 27, and 33 units, each showing a $0 per-share acquisition price and listed as direct ownership. The filings show post-transaction beneficial ownership tallies of 2,965, 4,979, and 6,047 shares respectively. The filing explains RSUs vest in three equal annual installments with commencement dates of February 9, 2024; February 16, 2025; and February 21, 2026. Additional RSUs were credited pursuant to reinvestment terms from a quarterly dividend of $0.21 per share paid on September 8, 2025.

Positive

• RSU conversions increase direct ownership, showing alignment of the EVP/CRO with shareholder interests through equity holdings
• Dividend reinvestment credited at $0.21 per share, yielding additional RSUs under the award agreement

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine equity compensation and dividend reinvestment for a senior officer; no governance red flags apparent.

The Form 4 discloses standard restricted stock unit activity for an executive officer, showing small incremental increases in direct beneficial ownership due to vesting and dividend reinvestment. The vesting schedules are staggered across multiple grant start dates, which aligns executive retention incentives. All acquisitions are reported at $0 consistent with RSU settlements rather than open-market purchases. There is no indication of accelerated vesting, clawbacks, or extraordinary related-party transactions in the disclosed text.

Compensation Analyst

TL;DR: Compensation-related vesting and dividend reinvestment increased share holdings modestly; typical for long-term incentive plans.

The transaction lines show discrete RSU conversions (16, 27, 33 units) and corresponding increases in beneficial ownership counts. The disclosure that RSUs convert 1:1 to common stock and vest in three equal annual installments is consistent with multi-year retention-oriented awards. The mention of a $0 acquisition price reflects settlement mechanics rather than free grants. The dividend reinvestment at $0.21 per share produced additional units, indicating standard plan terms that reinvest cash dividends into additional RSUs.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Derstine Michael

(Last) (First) (Middle)

C/O ENACT HOLDINGS, INC.

8325 SIX FORKS ROAD

(Street)

RALEIGH NC 27615

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Enact Holdings, Inc. [ ACT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	09/08/2025		A		16		(2)	(2)	Common Stock	16	$0(3)	2,965	D
Restricted Stock Units	(1)	09/08/2025		A		27		(4)	(4)	Common Stock	27	$0(3)	4,979	D
Restricted Stock Units	(1)	09/08/2025		A		33		(5)	(5)	Common Stock	33	$0(3)	6,047	D

Explanation of Responses:

1. Each restricted stock unit will settle into shares of Issuer common stock on a 1:1 basis.

2. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 9, 2024

3. Additional restricted stock units acquired pursuant to reinvestment terms in the restricted stock unit award agreement resulting from a quarterly dividend at $0.21 per share, paid on September 8, 2025.

4. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 16, 2025

5. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 21, 2026

Remarks:

	/s/ Joe Jacumin, by power of attorney	09/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What RSU transactions did Enact Holdings (ACT) report for Michael Derstine on 09/08/2025?

The Form 4 reports acquisitions of 16, 27, and 33 restricted stock units, each settling 1:1 into common stock and recorded at a $0 acquisition price.

How many shares did each RSU line show as beneficially owned after the transactions?

The post-transaction beneficial ownership figures reported were 2,965, 4,979, and 6,047 shares respectively.

What are the vesting schedules for the reported RSUs?

The filing states RSUs vest and convert to common stock in three equal annual installments beginning on February 9, 2024, February 16, 2025, and February 21, 2026 for the respective grants.

Was any cash dividend reinvestment involved in these transactions?

Yes. Additional RSUs were acquired pursuant to reinvestment terms resulting from a quarterly dividend of $0.21 per share paid on September 8, 2025.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 bears a signature by Joe Jacumin executed by power of attorney for the reporting person.