MGIC Investment Corp (MTG) director files amended Form 4 for corrected RSU grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
MGIC Investment Corp director reports corrected RSU award. A company director reported acquiring 5,075.188 restricted stock units of MGIC Investment Corp common stock on February 4, 2026, bringing beneficial ownership to 33,959.6099 shares held directly.
The restricted stock units will be settled in stock ten business days after February 1, 2027, unless the director previously elected a later distribution date. The award was granted under MGIC’s Omnibus Incentive Plan and no price was paid for the units. The filing amends a prior report to fix an administrative error that had overstated the acquired units by 1.909 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lowman Teresita M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,075.188 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 33,959.61 shares (Direct)
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 February 4, 2026?
MGIC Investment Corp reported a director acquiring 5,075.188 restricted stock units of common stock. This increased the director’s beneficial ownership to 33,959.6099 shares held directly, reflecting an equity-based compensation grant rather than an open-market stock purchase.
Why was this MGIC Investment Corp (MTG) Form 4 amended?
The Form 4 was amended to correct an administrative error that overstated the number of share units acquired by 1.909 shares. The amendment updates the reported restricted stock unit grant to the accurate figure of 5,075.188 units granted on February 4, 2026.
When will the MGIC (MTG) restricted stock units granted to the director be settled?
The restricted stock units will be settled in stock ten business days after February 1, 2027, unless the director made a qualified election for a later distribution. This delay reflects typical deferred equity compensation mechanics used in executive and director compensation programs.
Did the MGIC Investment Corp (MTG) director pay for the restricted stock units?
No, the director did not pay a purchase price for the restricted stock units. The RSUs were awarded under MGIC Investment Corp’s Omnibus Incentive Plan as part of equity compensation, meaning they were granted without cash consideration from the reporting person.
What type of security was granted to the MGIC Investment Corp (MTG) director?
The director received restricted stock units (RSUs) linked to MGIC Investment Corp common stock. These RSUs represent a right to receive shares at a future date, with settlement scheduled for ten business days after February 1, 2027, absent a later deferral election.