BLESS MICHAEL A 4
Research Summary
AI-generated summary
Enact (ACT) Director Michael Bless Receives Deferred Stock Award
What Happened
Michael A. Bless, a director of Enact Holdings, Inc. (ACT), was credited with 139 deferred stock units (transaction code A — award/grant) on March 19, 2026. The units were issued at $0.00 per unit (no cash paid) and are a derivative award rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-19; Filing date: 2026-03-23 (Form 4 accession 0001823529-26-000083).
- Award: 139 deferred stock units (DSUs) acquired at $0.00 per unit (derivative).
- Shares owned after transaction: not specified in the provided filing.
- Footnote F1: DSUs become payable in shares of Common Stock one year after termination of service as a director.
- Footnote F2: Some additional DSUs reflect reinvestment from a dividend paid March 19, 2026, at $0.21 per share.
- Typical Form 4 deadline is within two business days of the transaction; this filing was dated four days after the transaction — check the filing for any timeliness notation.
Context
Deferred stock units are a form of equity compensation that convert to shares (or share equivalents) at a later date (here, one year after director service ends). Because this was an award of DSUs (not a cash purchase or sale), it does not represent an immediate cash outlay or liquidation by the insider and should be interpreted as compensation rather than an open‑market trade.