Addesso Dominic James 4
Research Summary
AI-generated summary
Enact (ACT) Chair Dominic Addesso Receives Director Award
What Happened
Dominic James Addesso, Chairperson of the Board of Enact Holdings, received a director award of 348 deferred stock units (DSUs) on June 18, 2026. The filing reports the units as acquired at $0.00 (derivative award), so no cash purchase occurred. The filing also notes additional DSUs were credited under a dividend reinvestment at $0.24 per share.
Key Details
- Transaction date: 2026-06-18 — 348 deferred stock units reported at $0.00 each (derivative award).
- Dividend reinvestment: Additional DSUs were acquired under reinvestment terms from a dividend paid June 18, 2026, at $0.24 per share (footnote).
- Vesting/payment: DSUs become payable in shares of Common Stock one year after termination of service as a director (footnote).
- Shares owned after transaction: Not specified in the provided filing.
- Filing: Form 4 was filed 2026-06-23 for a 2026-06-18 transaction (appears to be beyond the typical two-business-day reporting window).
Context
Deferred stock units are a form of non-cash director compensation that convert to company shares after a future trigger (here, one year after leaving the board). This award is routine compensation rather than an open-market purchase or sale, and does not by itself indicate insider buying or selling bias. The apparent late filing may be a reporting issue; it does not change the substance of the award but is relevant for compliance monitoring.