Gupta Rohit 4

What Happened

• Rohit Gupta, President, CEO and a Director of Enact (ACT), had 15,197 restricted stock units (RSUs convert to common stock) settle. The company withheld 6,602 shares to satisfy tax withholding at a withholding price of $41.43 per share, equal to $273,521. Net shares received by Gupta after withholding: 8,595 shares. This was a vesting/settlement event (award conversion), not an open-market sale or purchase.

Key Details

• Transaction date(s): Reported 2026-02-20 (Form 4 filed 2026-02-24). Filing appears timely.
• Conversion/award: 15,197 RSUs converted to 15,197 common shares (transaction code M).
• Tax withholding: 6,602 shares withheld (transaction code F) at $41.43/share = $273,521.
• Net shares added to beneficial ownership: 8,595 shares (15,197 − 6,602).
• Shares owned after transaction: Not reported in the provided data.
• Footnotes:
  • F1: Each RSU settles 1:1 into common stock.
  • F2: Withholding was based on the closing price on Feb 20, 2026.
  • F3: RSUs vest and convert in three equal annual installments beginning Feb 21, 2026.

Context

• This was a routine vesting and conversion of RSUs with "sell-to-cover"/withholding for taxes — common for executive compensation and not an open-market sale or purchase signal. The conversion increased Gupta’s holdings by the net amount shown; the withholding simply satisfied tax obligations.