Enact (ACT) Controller James McMullen Receives RSU Award

What Happened

• James McMullen, Controller of Enact Holdings, reported receiving a total of 38 restricted stock units (RSUs) on September 17, 2026. The five separate RSU awards were recorded as acquisitions at $0.00 per unit (derivative awards) and will convert to common stock on a 1:1 basis.
• Some of the RSUs were additional units issued under a dividend reinvestment provision tied to the company’s quarterly dividend ($0.24 per share paid on Sep 17, 2026). These grants are compensation/dividend-related awards rather than open-market purchases or sales.

Key Details

• Transaction date and price: 2026-09-17; 38 RSUs acquired at $0.00 per unit (derivative awards).
• Filing date/timeliness: Form 4 filed 2026-09-21 (filed within the standard two business days following the Sep 17 transaction).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes / vesting: Each RSU settles into one share of common stock. Vesting schedules vary by award and convert to common stock in three equal annual installments, with vesting commencement dates noted between Feb 16, 2025 and Feb 13, 2027. One footnote confirms additional RSUs resulted from dividend reinvestment tied to the Sep 17, 2026 dividend.

Context

• RSUs are a form of equity compensation that convert to common shares when they vest; they are not an outright purchase and typically reflect compensation or dividend reinvestment rather than a direct insider buy signal. Because these were awards and dividend-reinvested units recorded at $0, they are procedural/compensation-related transactions rather than market-timing trades.