Gould Brian 4
Research Summary
AI-generated summary
Enact (ACT) EVP Brian Gould Exercises Derivatives, Withholds Shares
What Happened
- Brian Gould, Enact Holdings’ Executive Vice President & Chief Operations Officer, reported a grant and conversions of company equity and a tax-withholding share disposition. On Feb 13, 2026 he was granted 3,901 restricted stock units (RSUs). On Feb 17, 2026, 2,009 derivative units were exercised/converted and the company withheld 595 shares to satisfy tax withholding at $43.29 per share (total withheld value $25,758).
Key Details
- Grant: 3,901 RSUs on 2026-02-13 (reported as derivative award, $0.00 per share; F1: 1:1 settlement into common stock).
- Conversion/Exercise: 2,009 derivative shares converted/exercised on 2026-02-17 (reported at $0.00 or N/A in filing).
- Tax withholding: 595 shares were withheld on 2026-02-17 at $43.29/share to cover withholding obligations, totaling $25,758 (F2: withholding relates to RSUs that vested on Feb 16, 2026, using the Feb 13, 2026 closing price).
- Vesting notes: filing includes two vesting schedules — some RSUs vest in three equal annual installments beginning 2/13/2027 (F3) and others beginning 2/16/2025 (F4).
- Shares owned after the transactions: not specified in the provided excerpt.
- Filing timeliness: Form 4 was filed on 2026-02-18 and covers transactions through 2/17/2026; based on market holidays and business days this filing appears timely (not marked as late).
Context
- This filing is largely routine equity compensation activity: an RSU grant and conversion/settlement of derivative units, with a standard share withholding to cover taxes (transaction code F). Such withholding sales are administrative and do not necessarily signal a deliberate sale by the insider.