Gould Brian 4
Research Summary
AI-generated summary
Enact (ACT) EVP Brian Gould Receives RSU Awards
What Happened
- Brian Gould, Enact Holdings (ACT) EVP & Chief Operations Officer, received three restricted stock unit (RSU) awards on 2026-06-18 totaling 54 RSUs (12, 19 and 23 RSUs). Each RSU is reported as acquired at $0.00 (derivative award) and will settle into one share of common stock on a 1:1 basis when they vest. Some of the units reflect additional RSUs credited via dividend reinvestment tied to the $0.24 quarterly dividend paid June 18, 2026.
Key Details
- Transaction date: June 18, 2026; reported on Form 4 filed June 23, 2026.
- Grants: 12 RSUs @ $0.00; 19 RSUs @ $0.00; 23 RSUs @ $0.00 — total 54 RSUs (reported value $0).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Vesting notes: RSUs convert 1:1 to common stock (F1). The grants vest in three equal annual installments with different start dates per grant (beginning Feb 16, 2025; Feb 21, 2026; and Feb 13, 2027 — F2, F4, F5). One grant includes additional RSUs from dividend reinvestment related to the $0.24 dividend (F3).
- Filing timeliness: Form 4 was filed five calendar days after the transaction (June 23), which appears to be after the typical two-business-day filing window for Form 4 — i.e., likely a late filing.
Context
- These were equity awards (RSUs), not open-market purchases or sales. RSUs simply convert to shares when they vest (1:1) and do not by themselves indicate a buy or sell market signal. Dividend reinvestment can increase the RSU count over time.