McMullen James 4

What Happened

• James McMullen, Controller of Enact Holdings, received five awards totaling 43 restricted stock units (RSUs) on March 19, 2026 (grants of 5, 7, 8, 14 and 9 RSUs). Each award is reported at an acquisition price of $0.00 and is a derivative award (RSUs), not an open‑market purchase or sale.
• The RSUs will settle into common stock on a 1:1 basis when they vest. The filing also notes additional RSUs were credited under the award’s dividend reinvestment terms following Enact’s quarterly dividend of $0.21 per share paid March 19, 2026.

Key Details

• Transaction date and price: March 19, 2026; reported price $0.00 per unit (award).
• Total units awarded: 43 RSUs (5 + 7 + 8 + 14 + 9).
• Vesting/settlement: RSUs convert 1:1 to common stock and vest in three equal annual installments; vesting commencement dates disclosed in the filing include Feb 16, 2025; Apr 1, 2025; Feb 21, 2026; Oct 1, 2026; and Feb 13, 2027.
• Dividend reinvestment: Some additional RSUs resulted from reinvestment of the $0.21 quarterly dividend paid on March 19, 2026.
• Shares owned after the transaction: Not specified in the provided summary of the filing.
• Timeliness: Form 4 was filed March 23, 2026 for a March 19 transaction (filed within the SEC’s reporting window; not marked late).

Context

• These are award-based derivative grants (RSUs). They represent potential future common shares if and when they vest—not a cash purchase—and therefore are routine compensation/retention awards rather than an immediate bullish buy signal.
• For retail investors, the key takeaways are the small size of the grants (43 RSUs total) and that vesting is spread over years; additional units from dividend reinvestment were credited, which reflects plan mechanics rather than a direct cash outlay by the insider.