MGIC Investment (MTG) director amends Form 4 to fix RSU grant size
Filing Impact
Filing Sentiment
Form Type
4/A
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
2 transactions reported
Mixed
2 txns
Insider
CHAPLIN C EDWARD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,075.188 | $0.00 | -- |
| holding | Share Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 44,426.494 shares (Direct);
Share Units — 49,537.266 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. 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. 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. These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person. 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
What change does MGIC Investment (MTG) report in this amended Form 4?
The amended Form 4 corrects a previously overstated restricted stock unit grant. A February 4, 2026 award was reduced by 1.909 units to 5,075.188 RSUs, aligning the disclosure with the actual number granted to the MGIC Investment Corporation director.
How many MGIC Investment (MTG) RSUs were granted in the corrected transaction?
The corrected award totals 5,075.188 restricted stock units. The filing explains that an administrative error previously overstated the acquired share units by 1.909, and this amendment updates the reported RSU grant to the accurate figure for the February 4, 2026 transaction.
When will the MGIC Investment (MTG) director’s RSUs from this filing be settled?
The reported RSUs will be settled in stock in early 2027. The units are scheduled to convert into MGIC common shares ten business days after February 1, 2027, unless the director made a qualified election for a later distribution date under the applicable plan rules.
What MGIC Investment (MTG) common stock holdings does the director report after this amendment?
The director reports 44,426.4944 MGIC common shares held directly. This figure reflects the holdings following the corrected RSU transaction and represents non-derivative ownership separate from deferred share units and other compensation-related instruments disclosed in the derivative securities table.
Did the MGIC Investment (MTG) director pay a price for the RSUs in this Form 4/A?
No cash price was paid for the restricted stock units. The filing states that these RSUs were awarded under MGIC Investment Corporation’s Omnibus Incentive Plan as part of director compensation, rather than purchased outright in an open-market or privately negotiated transaction.