McMullen James 4

What Happened James McMullen, Controller of Enact Holdings (ACT), had 690 restricted stock units (RSUs convert/derivative transaction) vest and convert into 690 shares of common stock on Feb 20, 2026. To satisfy tax withholding, the company withheld 233 of those shares at $41.43 each (total withholding ≈ $9,653). The net result was approximately 457 shares issued to McMullen. This was not an open‑market purchase or sale but an award vesting and tax withholding event.

Key Details

• Transaction date: February 20, 2026; Form 4 filed February 24, 2026.
• Primary actions reported: conversion of 690 RSUs into common stock (code M) and withholding/transfer of 233 shares for tax obligations (code F).
• Withholding price: $41.43 per share; withholding value ≈ $9,653 (per footnote: based on closing price on Feb 20, 2026).
• Net shares delivered to insider: 690 − 233 = ~457 shares.
• Shares owned after the transaction: not disclosed in the data you provided.
• Footnotes: F1—each RSU settles 1:1 into common stock; F2—233 shares were withheld to cover tax withholding for RSUs that vested; F3—RSUs vest in three equal annual installments beginning Feb 21, 2026.
• Filing timeliness: Form filed Feb 24, 2026 (within the standard SEC reporting window for a Feb 20 transaction).

Context This filing documents RSU vesting and the routine cashless share withholding to cover taxes — a common, administrative insider transaction. It is not a market sale or purchase that signals buying or selling sentiment. For derivative-code M transactions, the key point is that previously granted RSUs converted into common shares; the F-code entry reflects the company withholding shares rather than the insider paying cash for taxes.