Enact (ACT) EVP Michael Derstine Receives RSU Award

What Happened

• Michael Derstine, EVP and Chief Risk Officer of Enact Holdings (ACT), was granted a total of 69 restricted stock units (RSUs) on September 17, 2026. The filing reports three awards of 13, 21 and 35 RSUs respectively. Each RSU is a derivative award that will convert into one share of Enact common stock on settlement; the awards were reported at $0 per unit (no cash paid).

Key Details

• Transaction date: 2026-09-17; Form 4 filed: 2026-09-21 (reporting period 2026-09-17).
• Grants: 13 RSUs, 21 RSUs, and 35 RSUs (total 69 RSUs) reported as acquisitions (award/grant) at $0.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Relevant footnotes from the filing:
  • RSUs settle into common stock on a 1:1 basis (F1).
  • Vesting schedules differ by award and generally vest in three equal annual installments beginning on 2/16/2025, 2/21/2026, and 2/13/2027 for the various tranches (F2, F4, F5).
  • One tranche includes additional RSUs from dividend reinvestment tied to the quarterly dividend of $0.24 per share paid on 9/17/2026 (F3).
• Filing timeliness: The Form 4 was filed four days after the transaction date; Form 4s are typically due within two business days of the transaction, so investors may want to confirm timely reporting.

Context

• These were awards of restricted stock units (derivative securities) rather than open-market purchases or sales. RSUs generally convert to shares only after vesting, so they do not represent immediately tradable purchases.
• Awards and dividend reinvestment are common parts of executive compensation and don't, by themselves, indicate an insider buying or selling stock for speculative reasons.