MGIC officer corrects RSU grant on amended Form 4
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,820 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 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.
- 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.
FAQ
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What insider transaction did MGIC Investment Corp (MTG) report on this Form 4/A?
Why was this MGIC Investment Corp (MTG) Form 4 amended?
What are the vesting terms of the MGIC Investment Corp (MTG) restricted stock units?
Did the MGIC Investment Corp (MTG) officer pay a purchase price for these RSUs?
What position does the reporting person hold at MGIC Investment Corp (MTG)?
AI-generated analysis. How Rhea-AI works. Not financial advice.