Stolove Evan 4
Research Summary
AI-generated summary
Enact (ACT) EVP Evan Stolove Receives 3,170 Shares via RSU Vesting
What Happened
- Evan Stolove, EVP, General Counsel & Secretary of Enact Holdings (ACT), had 3,170 restricted stock units (RSUs) convert to common shares on Feb 9, 2026. The RSUs converted at $0.00 (no exercise cost).
- To satisfy tax withholding, the company withheld 1,070 of those shares at $42.39 per share, a withholding value of $45,357. After withholding, Stolove received a net 2,100 shares. The underlying RSU (derivative) awards were cancelled/converted as part of the settlement.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (timely).
- Conversion: 3,170 RSUs converted to 3,170 common shares (reported as derivative exercise/ conversion, code M).
- Tax withholding: 1,070 shares withheld at $42.39/share for taxes, total $45,357 (reported as code F).
- Net shares delivered to insider: 2,100 shares (3,170 converted − 1,070 withheld).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1–Each RSU settles 1:1 into common stock. F2–Company withheld shares to satisfy tax obligations. F3–RSUs vest in three equal annual installments beginning Feb 9, 2024.
Context
- This is a routine award settlement (RSU vesting) and partial share withholding to cover taxes — not an open-market purchase or sale of shares. Such transactions reflect compensation vesting rather than a directional trade signal. The derivative lines reflect conversion/cancellation of the RSU awards rather than a cash sale or purchase.