MGIC director corrects RSU grant disclosure
MGIC Investment Corporation director corrects prior RSU grant disclosure.
Rhea-AI Filing Summary
MGIC Investment Corporation director corrects prior RSU grant disclosure. An amended Form 4 updates a February 4, 2026 restricted stock unit award that was previously overstated by 1.909 share units, revising the acquisition to 5,075.188 RSUs. These RSUs will be settled in stock ten business days after February 1, 2027, unless a later distribution was properly elected. The director now reports 44,426.4944 common shares held directly and 49,537.2661 deferred share units whose value tracks the company’s stock and are settled in cash on specified dates.
Positive
- None.
Negative
- None.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What change does MGIC Investment (MTG) report in this amended Form 4?
How many MGIC Investment (MTG) RSUs were granted in the corrected transaction?
When will the MGIC Investment (MTG) director’s RSUs from this filing be settled?
What MGIC Investment (MTG) common stock holdings does the director report after this amendment?
Did the MGIC Investment (MTG) director pay a price for the RSUs in this Form 4/A?
AI-generated analysis. How Rhea-AI works. Not financial advice.