Board member corrects MGIC (NYSE: MTG) restricted stock unit award
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
MGIC Investment Corp director reported an award of 5,075.188 restricted stock units (RSUs) of common stock on February 4, 2026, increasing their beneficial ownership to 18,501.152 shares. The RSUs will be settled in stock ten business days after February 1, 2027, unless the director elected a later distribution. The RSUs were granted under MGIC’s Omnibus Incentive Plan, and no price was paid by the director. An earlier report overstated the number of RSUs acquired by 1.909 share units, and this amended filing corrects that error.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thompson Michael Leal
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,075.188 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,501.152 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) disclose in this Form 4/A?
MGIC Investment Corp disclosed that a director received 5,075.188 restricted stock units of common stock on February 4, 2026. These RSUs were granted under the company’s Omnibus Incentive Plan, requiring no purchase price from the director.
Why was this MGIC Investment Corp (MTG) Form 4/A filed as an amendment?
The Form 4/A was filed because an administrative error overstated the RSUs previously reported as acquired on February 4, 2026 by 1.909 share units. This amendment corrects the number of RSUs shown as acquired on that date.
Did the MGIC Investment Corp (MTG) director pay anything for these restricted stock units?
The director did not pay a purchase price for the restricted stock units. The RSUs were awarded pursuant to MGIC Investment Corp’s Omnibus Incentive Plan, meaning they were granted as equity compensation rather than bought in the market.
What type of security is involved in this MGIC Investment Corp (MTG) insider filing?
The filing involves restricted stock units that will settle in MGIC Investment Corp common stock. These RSUs represent a right to receive shares in the future, subject to the settlement schedule and any applicable distribution elections.