Director at MGIC (NYSE: MTG) files amended Form 4 for RSU grant
Rhea-AI Filing Summary
MGIC Investment Corp. director reported an acquisition and correction of restricted stock units. On February 4, 2026, the director acquired 5,075.188 RSUs, resulting in 6,406.25 common shares beneficially owned directly after the transaction. These RSUs were granted under the company’s Omnibus Incentive Plan and no price was paid for them.
The RSUs will be settled in stock ten business days after February 1, 2027, unless the director made a qualified election for a later distribution. The filing also corrects an earlier administrative error that had overstated the February 4, 2026 acquisition by 1.909 share units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,075.188 | $0.00 | -- |
Footnotes (1)
- These Restricted Stock Units (RSUs) will be settled in stock ten business days after February 1, 2027, unless a qualified election for a later distribution was made by the reporting person. Due to administrative error, the number of share units reported as acquired on February 4, 2026 was overstated by 1.909 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 on this Form 4/A?
The filing shows a MGIC Investment Corp. director acquired 5,075.188 restricted stock units on February 4, 2026. After this grant, the director beneficially owned 6,406.25 common shares directly, reflecting the updated and corrected balance.
Why was this MGIC (MTG) Form 4/A filed as an amendment?
The amendment corrects an administrative error in the originally reported grant. The number of share units acquired on February 4, 2026 had been overstated by 1.909 shares, and this Form 4/A adjusts the reported amount accordingly.
How and when will the MGIC (MTG) director’s RSUs from this grant be settled?
The restricted stock units will be settled in stock ten business days after February 1, 2027. Settlement timing can be later if the director made a qualified election for deferred distribution under the plan’s rules.
Did the MGIC (MTG) director pay anything for the restricted stock units reported?
No. The Form 4/A states these RSUs were awarded under MGIC’s Omnibus Incentive Plan and that no price was paid by the reporting person for them, reflecting typical equity-based compensation for directors.
What role does the reporting person hold at MGIC Investment Corp (MTG)?
The reporting person is identified as a director of MGIC Investment Corp. This status means the individual is a board member and therefore a Section 16 reporting insider required to disclose equity awards and ownership changes.