Gould Brian 4
Research Summary
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Enact (ACT) EVP Brian Gould Vests RSUs; Shares Withheld for Taxes
What Happened Brian Gould, Executive Vice President & Chief Operations Officer of Enact Holdings (ACT), had 1,623 restricted stock units (RSUs convert/vest) that were converted into common shares on 2026-02-20. The company withheld 462 of those shares to satisfy tax withholding at $41.43 per share (total withheld ≈ $19,141), leaving a net delivery of 1,161 shares (about $48.1K at $41.43). This was a vesting/tax-withholding event (routine), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (timely within the 2-business-day reporting window).
- Actions reported: M = exercise/conversion of a derivative (RSUs converting to common stock); F = shares withheld for tax withholding.
- Specifics: 1,623 RSUs converted; 462 shares withheld at $41.43/share (withheld value ≈ $19,141); net 1,161 shares issued to the insider.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: F1 — each RSU settles 1:1 into common stock. F2 — shares were withheld to satisfy taxes for RSUs that vested on Feb 21, 2026, using the Feb 20, 2026 closing price. F3 — these RSUs vest in three equal annual installments beginning Feb 21, 2026 (this appears to be the first installment).
Context This was a routine RSU vesting with company share-withholding to cover tax obligations (a common "cashless" approach). Such withholding is administrative and does not indicate a buying or selling decision by the insider. Purchases by insiders tend to carry more informational weight for investors; this filing simply documents compensation vesting and the associated tax withholding.