secwatch.observer — SEC 8-K summary
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Issuer:     Enact Holdings, Inc. (ACT)
CIK:        0001823529
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001823529-22-000033
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enact Holdings adopts executive severance plans with enhanced CEO benefits
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- CEO Rohit Gupta eligible for 2.0x salary+bonus lump sum under Executive Severance Plan, 2.5x under CIC Plan.
- Other EVPs/SVPs get 1.0x (Executive) or 2.0x (CIC) multiplier on salary+bonus on qualifying termination.
- Plans also include pro-rata bonus, up to 18 months COBRA, and accelerated vesting of deferred compensation.
- Named participants: CEO Gupta, EVP/CFO Mitchell, EVP/GC Stolove; effective February 10, 2022.
- Benefits conditioned on release, non-compete (12 months), non-solicit (24 months), and non-disparagement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823529/000182352922000033/0001823529-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823529/000182352922000033/act-20220210.htm
  HTML page:      https://secwatch.observer/filing/0001823529-22-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer