Derstine Michael 4

What Happened
Michael Derstine, EVP & Chief Risk Officer of Enact Holdings (ACT), had 2,981 restricted stock units convert to common shares on Feb 9, 2026. The company withheld 1,006 of those shares to satisfy tax withholding at $42.39 per share (total withheld = $42,644), leaving a net 1,975 shares added to his holdings. This was a routine RSU vesting/settlement rather than a market purchase or sale.

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (timely).
• Vesting/Conversion: 2,981 RSUs converted to common stock (transaction code M).
• Tax withholding: 1,006 shares withheld at $42.39/share to cover taxes (transaction code F); withheld value reported as $42,644.
• Net shares received: 2,981 - 1,006 = 1,975 shares (approx. net value ≈ $83,720 at $42.39/share).
• Shares owned after transaction: not reported in the provided excerpt.
• Footnotes: RSUs settle 1:1 into common stock; vest in three equal annual installments beginning Feb 9, 2024; withheld shares were to satisfy tax withholding on the vested RSUs.

Context
This was a standard RSU vest and net settlement (company withholding shares for taxes), not a market sale or open-market purchase. Such filings typically reflect compensation vesting and tax obligations rather than an insider signal about the company’s near-term prospects.