Derstine Michael 4

What Happened

• Michael Derstine, EVP and Chief Risk Officer of Enact Holdings (ACT), received a grant of 6,826 restricted stock units (RSUs) on Feb 13, 2026. On Feb 17, 2026 he converted/exercised 2,508 derivative units into common shares. The company withheld 712 shares to satisfy tax withholding obligations; the withheld shares were valued at $43.29 each, totaling $30,822.

Key Details

• Transaction dates: Grant of RSUs on 2026-02-13; conversion/exercise and tax-withholding actions on 2026-02-17.
• Grant: 6,826 RSUs awarded (reported as derivative units, $0 per share in filing).
• Conversion/Exercise: 2,508 derivative units converted/exercised on 2026-02-17.
• Tax withholding: 712 shares withheld to cover tax liability at $43.29/share = $30,822.
• Footnotes:
  • F1: Each RSU settles into 1 share of common stock (1:1).
  • F2: Withholding related to RSUs that vested on Feb 16, 2026, using closing price on Feb 13, 2026.
  • F3/F4: Vesting schedules noted — some RSUs vest in three equal annual installments beginning Feb 13, 2027 and others beginning Feb 16, 2025.
• Shares owned after transaction: Not specified in the provided filing extract.
• Filing timeliness: Form filed 2026-02-18 reporting events on Feb 13 and Feb 17; filing shows the dates but does not indicate a late-report flag in the provided data.

Context

• These transactions appear to be RSU grant and conversion/settlement activity rather than open-market purchases or sales. The withholding of 712 shares was a tax-withholding action (net settlement) to satisfy tax obligations on vested RSUs, not a market sale by the insider. For retail investors, grants and net settlements for taxes are common equity-compensation mechanics and do not necessarily signal a buy/sell view by management.