MGIC Investment Corp (MTG) VP updates RSU award after 1-share reporting error
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
MGIC Investment Corp’s VP-Chief Accounting Officer reported an amended equity grant on a Form 4/A. On 02/04/2026, the officer was credited with 2,820 restricted stock units, which contributed to a total of 80,476.871 common shares beneficially owned directly after the transaction.
The restricted stock units vest in three equal installments on February 28 of 2027, 2028, and 2029, contingent on continued employment. The filing explains that an earlier report overstated the number of units acquired by one share due to an administrative error and is being corrected. No cash price was paid for these RSUs, which were granted under the company’s Omnibus Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sperber Julie K.
Role
VP-Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,820 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 80,476.871 shares (Direct)
Footnotes (1)
- These Restricted Stock Units will vest in equal installments on each of February 28, 2027, 2028, and 2029, subject to the reporting person's continued employment with the issuer. Due to administrative error, the number of share units reported as acquired on February 4, 2026 was overstated by 1 share. 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 this Form 4/A?
MGIC Investment Corp reported an amended grant of 2,820 restricted stock units to its VP-Chief Accounting Officer. The amendment corrects a prior administrative error that overstated the original number of share units acquired on February 4, 2026, by one share.
Why was this MGIC Investment Corp (MTG) Form 4 amended?
The Form 4 was amended because the previously reported number of restricted stock units acquired on February 4, 2026, was overstated by one share. This Form 4/A corrects that administrative error and restates the accurate grant amount for the reporting officer.
What are the vesting terms of the MGIC Investment Corp (MTG) restricted stock units?
The 2,820 restricted stock units vest in three equal installments on February 28, 2027, 2028, and 2029. Vesting is conditioned on the reporting person’s continued employment with MGIC Investment Corp through each respective vesting date, according to the filing’s explanation.
Did the MGIC Investment Corp (MTG) officer pay a purchase price for these RSUs?
The officer did not pay a purchase price for the restricted stock units. The filing states that the RSUs were awarded under MGIC Investment Corp’s Omnibus Incentive Plan, and no price was paid by the reporting person in connection with this equity grant.
What position does the reporting person hold at MGIC Investment Corp (MTG)?
The reporting person is an officer of MGIC Investment Corp, serving as VP-Chief Accounting Officer. This role and relationship to the issuer are disclosed in the Form 4/A, which identifies the person as an officer rather than a director or 10% owner.