Addesso Dominic James 4
Research Summary
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Enact (ACT) Chair Dominic Addesso Receives 281-Share Director Award
What Happened
- Dominic James Addesso, Director and Chairperson of Enact Holdings, was granted 281 deferred stock units (DSUs) on March 19, 2026. The award is reported as an acquisition at $0.00 (transaction code A — award/grant) and represents a derivative right rather than an immediate share purchase.
Key Details
- Transaction date: 2026-03-19; Form 4 filed: 2026-03-23 (filed about 4 days after the transaction; may be outside the typical 2-business-day Form 4 window).
- Grant: 281 deferred stock units (reported acquisition price $0.00).
- Footnote F1: DSUs become payable in shares of common stock one year after termination of service as a director.
- Footnote F2: Some DSUs reflect reinvestment of a dividend paid March 19, 2026, at $0.21 per share (the reinvested dividend generated additional DSUs).
- Shares owned after transaction: not disclosed in the filing.
Context
- This was a director compensation award (deferred stock units), not an open-market buy or sale. DSUs do not convey immediate cash or market-sale shares; they convert to shares only after the director’s service ends (per F1). Such awards are routine forms of non-cash compensation for board members and do not by themselves indicate a buy/sell signal.