Derstine Michael 4

What Happened
Michael Derstine, EVP and Chief Risk Officer of Enact Holdings (ACT), had 2,029 restricted stock units (RSUs convert to common stock 1:1) vest/convert on Feb 20, 2026. The company withheld 578 of those shares to satisfy tax withholding at $41.43 per share, a withholding value of $23,947. The net result: 2,029 shares were issued and 1,451 shares were added to his account after withholding.

Key Details

• Transaction date: Feb 20, 2026 (Form 4 filed Feb 24, 2026 — timely filing).
• Vesting/conversion: 2,029 RSUs converted to 2,029 shares (reported as derivative conversion, code M).
• Tax withholding: 578 shares withheld (code F) at $41.43 per share = $23,947.
• Net shares retained from this vesting: 1,451 (2,029 − 578).
• Footnotes: RSUs settle 1:1 into common stock; company withheld shares to cover tax obligations for RSUs that vested on Feb 21, 2026; the RSU grant vests in three equal annual installments beginning Feb 21, 2026.
• Shares owned after transaction: not specified in the filing.

Context
This was not an open-market purchase or sale but a standard equity award vesting event. The withholding of shares to cover taxes is a routine, non-market disposition (cashless tax withholding) and does not necessarily indicate a change in insider sentiment. The filing shows the first scheduled installment of a multi-year RSU grant converted into common stock.