Gould Brian 4
Research Summary
AI-generated summary
Enact (ACT) EVP Brian Gould Receives 15,710 Shares; Withholds 4,468
What Happened
- Brian Gould, EVP & Chief Operations Officer of Enact Holdings (ACT), had 15,710 performance stock units (PSUs) vest and convert into 15,710 shares of common stock on February 24, 2026. The company withheld 4,468 of those shares to satisfy tax withholding, a disposition valued at $41.46 per share for $185,243. Net shares delivered to Gould were 11,242 (15,710 vested − 4,468 withheld), roughly $466k at the $41.46 withholding price.
- This was a vesting/settlement of compensation (not an open-market purchase or a voluntary sale). The withholding to cover taxes is a routine administrative disposition and does not necessarily reflect trading intent.
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (within the typical two-business-day reporting window).
- Vested/converted: 15,710 PSUs settled into 15,710 shares (Footnote F1, F3).
- Tax withholding/disposition: 4,468 shares withheld at $41.46/share for $185,243 (Footnote F2).
- Net shares received by insider: 11,242 shares.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 = PSUs granted Feb 9, 2023 and settled 1:1; F2 = company withheld shares to satisfy tax withholding; F3 = PSUs vested and converted on Feb 24, 2026.
Context
- This is a routine compensation event: performance stock units vested and converted into shares, with a portion withheld to cover taxes (common practice). The withheld shares are treated as a disposition for tax purposes, not an open-market sale by the insider.
- For retail investors: vesting/withholding events are primarily compensation-related and don’t necessarily signal the insider’s view on the company’s near-term prospects.