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Enact Holdings, Inc.·4

Feb 18, 4:17 PM ET

Mitchell Hardin Dean 4

Research Summary

AI-generated summary

Updated

Enact (ACT) CFO Mitchell Dean Exercises RSUs; 1,781 Shares Withheld

What Happened

  • Mitchell Hardin Dean, EVP, Chief Financial Officer and Treasurer of Enact Holdings (ACT), received a grant of 13,165 restricted stock units (RSUs) on Feb 13, 2026. A portion of RSUs converted/exercised into common stock on Feb 17, 2026 (6,262 units reported as converted).
  • The company withheld 1,781 shares to satisfy tax withholding obligations at $43.29 per share, totaling approximately $77,099 (reported as a disposition under code F). Some converted RSUs were net-settled/converted with no cash proceeds reported (derivative reporting shows $0 proceeds).
  • These actions are award/settlement and tax-withholding events (not an open-market purchase or a decision to sell shares for investment reasons).

Key Details

  • Transaction dates: Grant on 2026-02-13; conversions/exercise and withholding recorded on 2026-02-17; Form 4 filed 2026-02-18.
  • Prices & values: Tax withholding used 1,781 shares at $43.29 = $77,099. Conversion entries show $0 proceeds for net-settlement.
  • Shares owned after transaction: Not specified in the provided filing.
  • Footnotes of note:
    • F1: Each RSU settles 1:1 into common stock.
    • F2: Company withheld shares to satisfy tax withholding for RSUs that vested on Feb 16, 2026, using the closing price on Feb 13, 2026.
    • F3/F4: Different RSU grants vest in three equal annual installments beginning Feb 13, 2027, and Feb 16, 2025, respectively.
  • Filing timeliness: Form 4 filed on 2026-02-18, the day after the Feb 17 transactions; appears timely for those events. Check EDGAR for the full filing if you need exact filing-status details.

Context

  • This was primarily an RSU grant and settlement event. The withholding of shares to cover taxes (code F) is routine for vested equity awards and does not by itself indicate a change in the insider’s market view.
  • The conversion/settlement entries (code M) indicate derivative-to-common-stock activity (RSU settlement); some or all of the converted shares were net-settled to cover taxes rather than sold on the open market.