Derstine Michael 4

What Happened
Michael Derstine, Enact Holdings' Executive Vice President and Chief Risk Officer, received three restricted stock unit (RSU) awards on June 18, 2026: 15 RSUs, 24 RSUs and 39 RSUs (total = 78 RSUs). Each RSU is reported at $0.00 (no cash paid) and is a derivative award that will convert to one share of Enact common stock on a 1:1 basis when vested.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-23 (filed five days after the transaction). This appears later than the typical two-business-day filing requirement.
• Grant details: 15 RSUs, 24 RSUs, and 39 RSUs; reported price $0.00; total reported cash value $0.
• Vesting notes from filing: RSUs convert 1:1 to common stock (F1). Vesting is staggered across awards — schedules begin Feb 16, 2025 (F2), Feb 21, 2026 (F4), and Feb 13, 2027 (F5), each vesting in three equal annual installments.
• Dividend reinvestment: Some additional RSUs reflect reinvestment tied to a $0.24 per-share quarterly dividend paid on June 18, 2026 (F3).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
RSU grants are routine compensation for executives and are not purchases or sales of shares; they become shares only as they vest. Because these are awards (code A) and not open-market buys, they do not directly signal buying conviction the way purchases do. The late filing may be worth noting for compliance/timeliness tracking by investors.