Derstine Michael 4

What Happened
Michael Derstine, Enact Holdings' EVP and Chief Risk Officer, was granted a total of 70 restricted stock units (RSUs) on March 19, 2026 (13 + 21 + 36 RSUs). Each award was reported at $0.00 (no cash paid) and is a derivative award that will convert into common shares on a 1:1 basis when vested. One award reflects additional RSUs from dividend reinvestment tied to a $0.21-per-share dividend paid March 19, 2026.

Key Details

• Transaction date: 2026-03-19; reported on Form 4 filed 2026-03-23 (timely filing).
• Awards: 13 RSUs, 21 RSUs, and 36 RSUs; acquisition price reported $0.00.
• Derivative → conversion: Footnote F1 — each RSU settles into one share of common stock upon vesting.
• Vesting schedules noted in the filing (each award vests and converts in three equal annual installments): beginning Feb 16, 2025 (F2); Feb 21, 2026 (F4); and Feb 13, 2027 (F5).
• Footnote F3 indicates some RSUs were additional units from dividend reinvestment tied to the $0.21 dividend paid Mar 19, 2026.
• Shares owned after the transaction: not specified in the provided excerpt.

Context
RSUs are a standard form of executive compensation and represent future pay that converts to stock only as they vest; they are not outright purchases or sales. Such grants are routine and intended for retention; they increase potential future share count when they convert but do not require the insider to pay cash now. For most retail investors, this type of award is informational about compensation structure rather than a direct bullish or bearish trading signal.