Mitchell Hardin Dean 4

What Happened
Mitchell Hardin Dean, EVP, Chief Financial Officer and Treasurer of Enact Holdings (ACT), had 42,616 Performance Stock Units (PSUs) vest and convert into common stock on February 24, 2026. Of those shares, 17,723 were withheld to satisfy tax obligations, valued at approximately $734,796 based on a withholding price of $41.46 per share. The vesting resulted in a net of 24,893 shares retained by Dean (42,616 gross − 17,723 withheld), with a net value of roughly $1.03 million at the same price.

Key Details

• Transaction date: February 24, 2026 (Form 4 filed Feb 26, 2026; filing appears timely).
• Vesting/conversion: 42,616 PSUs converted to common stock (reported as derivative exercise/conversion, code M).
• Withholding/tax payment: 17,723 shares withheld at $41.46 per share → $734,796 (code F for tax withholding).
• Net shares retained from this vesting: 24,893 shares (42,616 − 17,723), net value ≈ $1.03M at $41.46.
• Footnotes: PSUs were granted Feb 9, 2023 and settled 1:1; PSUs vested and converted on Feb 24, 2026; withheld shares satisfied tax withholding for the vested PSUs.
• Shares owned after transaction: Not specified in the filing (the filing reports the vesting and withholding but does not state total holdings post-transaction).

Context
This was a routine vesting of performance-based equity, not an open-market purchase or voluntary sale. The withholding of shares to cover taxes is common and should not be read as a market sale signal — it’s a tax payment method. Code M indicates conversion/exercise of a derivative (here, PSUs converting to common stock) and code F denotes shares withheld to satisfy tax obligations.