MGIC (MTG) EVP and General Counsel corrects RSU award, updates share holdings
Rhea-AI Filing Summary
MGIC Investment Corporation's Executive Vice President and General Counsel reported an amended grant of restricted stock units. On February 4, 2026, the officer acquired 17,294 restricted stock units that vest in equal installments on February 28, 2027, 2028, and 2029, subject to continued employment.
The amended filing corrects an earlier administrative error that overstated the number of units acquired by 6 shares. Following the transaction, 134,688.68 shares of common stock are held directly, and 110,422 shares are held indirectly through an individual trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 17,294 shares
Net Buy
2 txns
Insider
Maggio Paula C
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,294 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 134,688.68 shares (Direct);
Common Stock — 110,422 shares (Indirect, By an individual trust)
Footnotes (3)
- F1. 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.
- F2. Due to administrative error, the number of share units reported as acquired on February 4, 2026 was overstated by 6 shares. This amended Form 4 is being filed to correct the previously reported number.
- F3. 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.
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FAQ
What insider transaction did MGIC Investment Corp (MTG) report on February 4, 2026?
MGIC Investment Corp reported its Executive Vice President and General Counsel acquired 17,294 restricted stock units on February 4, 2026. These units were granted under the company’s Omnibus Incentive Plan, with no purchase price paid by the reporting person for the award.
Why was this MGIC Investment Corp (MTG) Form 4/A filing amended?
The Form 4/A was amended because the number of share units reported as acquired on February 4, 2026 was overstated by 6 shares. The amended filing corrects the previously reported restricted stock unit amount to accurately reflect the actual grant size.
How do the restricted stock units for MGIC Investment Corp (MTG) executive vest?
The restricted stock units vest in equal installments on February 28, 2027, February 28, 2028, and February 28, 2029. Vesting is conditioned on the reporting person’s continued employment with MGIC Investment Corporation through each applicable vesting date.
What is the reporting person’s total direct and indirect MGIC Investment Corp (MTG) ownership after the transaction?
After the transaction, the reporting person directly beneficially owns 134,688.68 shares of MGIC common stock. In addition, 110,422 shares are beneficially owned indirectly through an individual trust, as disclosed in the ownership table of the filing.
Did the MGIC Investment Corp (MTG) executive pay a price for the restricted stock units granted?
No, the executive did not pay a price for the restricted stock units. The filing states that the RSUs were awarded pursuant to MGIC’s Omnibus Incentive Plan and that no price was paid by the reporting person for these equity awards.