Stolove Evan 4

What Happened

• Evan Stolove, EVP, General Counsel & Secretary of Enact Holdings (ACT), had 2,029 restricted stock units (RSUs) convert to common shares on Feb 20, 2026. To satisfy tax withholding on the vesting, the company withheld 578 shares at an effective price of $41.43 per share, representing $23,947 in tax withholding. The conversion/settlement of RSUs is reported as a derivative conversion (code M) and the withholding is reported under code F.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (appears to be filed within the standard 2 business-day window).
• RSUs converted: 2,029 shares.
• Shares withheld for taxes: 578 shares at $41.43 each = $23,947 withheld (payment of tax obligation).
• Price on conversion: RSU conversion reported at $0.00 (typical for vesting/conversion events); withholding used the closing price $41.43 per footnote.
• Shares owned after the transaction: Not disclosed in the provided filing.
• Relevant footnotes: F1 — RSUs settle 1:1 into common stock; F2 — Company withheld shares to satisfy withholding based on 2/20/2026 closing price; F3 — These RSUs vest in three equal annual installments beginning Feb 21, 2026.

Context

• This was not an open-market sale or purchase by the insider; it was the scheduled vesting/settlement of RSUs with a portion of the shares withheld to cover taxes (a routine administrative transaction).
• The filing shows conversion of RSUs (derivative settlement) and share withholding for taxes rather than a discretionary sale, so it doesn't necessarily signal a change in the insider’s view of the company.