MGIC Investment (NYSE: MTG) CEO amends Form 4 to correct 90,226 RSUs
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
MGIC Investment Corporation's chief executive officer reported an amended equity award on a Form 4/A. On February 4, 2026, the CEO was granted 90,226 restricted stock units (RSUs), which will vest in equal installments on February 28 of 2027, 2028, and 2029, contingent on continued employment.
The amendment corrects an earlier filing in which the number of share units acquired on February 4, 2026 was overstated by 34 shares due to an administrative error. Following this correction, the CEO beneficially owns 912,814.401 shares of MGIC common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mattke Timothy J.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 90,226 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 912,814.401 shares (Direct)
Footnotes (1)
- These Restricted Stock Units will vest in equal installments on each of February 28, 2027, 2028, and 2029, subject to the reporting person's continued employment with the issuer. Due to administrative error, the number of share units reported as acquired on February 4, 2026 was overstated by 34 shares. This amended Form 4 is being filed to correct the previously reported number. These RSUs were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan and no price was paid by the reporting person for them.
FAQ
What insider transaction did MGIC Investment Corp (MTG) report in this Form 4/A?
MGIC Investment Corp reported an amended equity grant to its CEO. On February 4, 2026, the chief executive officer received 90,226 restricted stock units, and this Form 4/A corrects a previously overstated share-unit figure caused by an administrative error.
Why was MGIC Investment Corp (MTG) CEOs Form 4 amended?
The Form 4 was amended to fix an administrative error. The original report overstated the number of share units acquired on February 4, 2026 by 34 shares. This Form 4/A adjusts the reported restricted stock unit grant to the correct amount.
How many restricted stock units did the MGIC (MTG) CEO receive on February 4, 2026?
The CEO received 90,226 restricted stock units. These RSUs were awarded under MGIC Investment Corps Omnibus Incentive Plan, with no price paid by the reporting person, and will settle in common stock as they vest over time.
What is the vesting schedule for the MGIC (MTG) CEOs 90,226 RSUs?
The 90,226 RSUs vest in three equal annual installments. They will vest on February 28, 2027, February 28, 2028, and February 28, 2029, provided the chief executive officer remains employed by MGIC Investment Corp through each vesting date.
Did the MGIC (MTG) CEO pay anything for the RSUs reported in this filing?
No, the CEO did not pay a purchase price for these RSUs. The restricted stock units were granted under MGIC Investment Corps Omnibus Incentive Plan, meaning they were awarded as compensation rather than bought in the open market.