Mitchell Hardin Dean 4
Research Summary
AI-generated summary
Enact (ACT) EVP/CFO Mitchell H. Dean Receives RSU Award
What Happened
- Mitchell Hardin Dean, Enact Holdings' EVP, Chief Financial Officer and Treasurer, was granted three restricted stock unit (RSU) awards on 2026-03-19: 33 RSUs, 53 RSUs and 69 RSUs (total 155 RSUs). Each award was reported as acquired at $0.00 and is a derivative award that will settle into shares of Enact common stock on a 1:1 basis upon vesting. One of the awards includes additional RSUs from a dividend reinvestment tied to the $0.21 quarterly dividend paid March 19, 2026.
Key Details
- Transaction date(s): 2026-03-19; Form 4 filed 2026-03-23 (timely).
- Transaction type/code: A = Award/Grant (derivative RSUs), reported acquisition price $0.00.
- Shares awarded: 33 RSUs, 53 RSUs, 69 RSUs — total 155 RSUs.
- Vesting/settlement: RSUs convert 1:1 into common stock. Vesting occurs in three equal annual installments; the three awards have different vesting commencement dates per footnotes: 02/16/2025, 02/21/2026, and 02/13/2027.
- Dividend reinvestment: One award reflects additional RSUs from reinvestment of the $0.21 quarterly dividend paid 03/19/2026.
- Shares owned after transaction: not specified in the Form 4 filing.
- Filing timeliness: Filed within the required window (not marked late).
Context
- These are grants of restricted stock units (derivative awards), not open-market purchases or sales. RSUs do not represent immediately tradable shares — they convert to common stock only as they vest according to the schedule above.
- Grants like this are routine compensation for executives and do not by themselves indicate a buy or sell signal; they increase potential future insider ownership if and when they vest.