MGIC director corrects RSU grant and updates holdings
MGIC Investment Corporation director reported an amended grant of restricted stock units and updated deferred share units.
Rhea-AI Filing Summary
MGIC Investment Corporation director reported an amended grant of restricted stock units and updated deferred share units. On February 4, 2026, the director acquired 5,075.188 RSUs, bringing directly owned common stock to 33,889.1514 shares. A prior report had overstated this RSU grant by 1.909 shares due to administrative error.
The director also holds 48,108.5753 share units in a deferred compensation plan, which track MGIC common stock on a one-for-one basis and are settled in cash on specified distribution dates. The RSUs will be settled in stock ten business days after February 1, 2027, unless a later distribution election applies.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,075.188 | $0.00 | $0.00 |
| holding | Share Units | -- | -- | -- |
Footnotes (7)
- F1. 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.
- F2. 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.
- 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.
- F4. The reporting person participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors under which units corresponding to shares of Common Stock of the Issuer ("Share Units") are awarded to the reporting person and/or acquired through compensation deferral.
- F5. These Share Units do not have a specified dollar-denominated exercise or conversion price. Their value is based, on a one-for-one basis, on the price of the Issuer's common stock on the New York Stock Exchange.
- F6. These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
- F7. These Share Units do not expire on a fixed date. They are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.
FAQ
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What insider transaction did MGIC Investment (MTG) disclose on this Form 4/A?
Why was MGIC Investment (MTG) directors Form 4 amended for February 4, 2026?
What are the terms of the MGIC Investment (MTG) RSUs granted on February 4, 2026?
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