Hooda Sheila 4
Research Summary
AI-generated summary
Enact (ACT) Director Sheila Hooda Receives Deferred Award
What Happened Sheila Hooda, a director of Enact Holdings, Inc. (ACT), was granted 201 deferred stock units (DSUs) on June 18, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 per unit (reported value $0). The filing also notes additional DSUs were acquired under dividend-reinvestment terms tied to a dividend paid June 18, 2026 (dividend referenced at $0.24 per share). This is an award/compensation event, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-18; reported price per unit: $0.00 (derivative award).
- Shares/units reported acquired: 201 DSUs.
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: DSUs become payable in shares of common stock one year after termination of service as a director.
- Footnote F2: Additional DSUs were added via reinvestment from a dividend paid 06/18/2026 at $0.24/share.
- Filing date: 2026-06-23 — the Form 4 was filed after the transaction date (appears to be one business day later than the typical two-business-day reporting window).
Context DSUs are derivative awards that convert to actual shares only under the plan’s terms (here, payable as shares one year after director service ends), so they are not immediately tradable common stock. Awards to directors are common as compensation/retainers and do not by themselves indicate insider buying or selling intent. The late filing is an administrative detail to note; it does not change the nature of the award.