THOMPSON WESTLEY V 4
Research Summary
AI-generated summary
Enact (ACT) Director Westley V. Thompson Receives 3,940-Share Award
What Happened
- Westley V. Thompson, a director of Enact Holdings, received a grant of 3,939.791 Deferred Stock Units (derivative award) on May 13, 2026. The units were granted at $0 cash outlay and are reported under transaction code A (award/grant). Based on a per-share price of $43.149 (footnote), the award represents an economic value of approximately $169,998 (≈$170K).
- This grant represents part of the director’s annual retainer and is a compensation award rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-13; Form 4 filed: 2026-05-15 (timely reporting).
- Awarded units: 3,939.791 Deferred Stock Units; report shows acquisition at $0.00 per unit.
- Implied value: 3,939.791 × $43.149 ≈ $169,998 (per filer’s valuation).
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1 — Deferred Stock Units become payable in shares of common stock one year after termination of service as a director. F2 — The units awarded represent a portion of the annual retainer and were calculated using $43.149 per share.
- Transaction type: derivative award (A). No sale, purchase, or option exercise occurred.
Context
- Deferred Stock Units (DSUs) are common director compensation; they do not convert into actual shares immediately and only become payable in stock one year after the director leaves service. Because these units are compensation-based and not an open‑market purchase, they are routine and do not necessarily indicate a personal bullish or bearish trading decision.