McMullen James 4

What Happened

• James McMullen, Controller of Enact Holdings (ACT), received a grant of 1,707 restricted stock units (RSUs) reported on Feb 13, 2026.
• On Feb 17, 2026, 820 derivative shares were reported as exercised/converted. Separately, 277 shares were withheld/disposed to satisfy tax withholding at $43.29 per share, totaling $11,991 (withholding value based on the Feb 13, 2026 closing price). These were not open-market sales but cover tax obligations.

Key Details

• Transactions and codes: A (grant) of 1,707 RSUs on 2026-02-13; M (exercise/conversion) of 820 derivative shares on 2026-02-17; F (tax withholding) of 277 shares on 2026-02-17 at $43.29, total $11,991.
• Footnotes: RSUs settle 1:1 into common stock (F1). The company withheld shares to satisfy tax obligations for RSUs that vested on Feb 16, 2026 using the Feb 13 close price (F2). Vesting schedules referenced: RSUs vest in three equal annual installments beginning Feb 13, 2027 (F3) and beginning Feb 16, 2025 (F4), indicating staged vesting.
• Shares owned after these transactions: not specified in the filing.
• Timeliness: The Feb 13 RSU grant was reported on Feb 18, 2026 — later than the typical two-business-day Form 4 deadline for that grant date (the Feb 17 transactions were reported timely).

Context

• This filing reflects an equity award (RSUs) and routine tax withholding rather than an open‑market sale or purchase. The reported conversion/exercise of derivative shares and the withholding to cover taxes are common mechanics when RSUs vest or are settled. These actions are administrative and do not necessarily indicate a change in the insider’s view of the company.