MGIC (NYSE: MTG) EVP-CFO awarded 24,061 RSUs in corrected Form 4
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
MGIC Investment Corp executive Jennifer H. Schmitt received a grant of 24,061 restricted stock units (RSUs) of common stock on February 4, 2026. After this grant, she beneficially owned 264,990.972 shares directly.
The RSUs vest in three equal installments on February 28, 2027, 2028, and 2029, contingent on her continued employment with the company. The award was issued under MGIC’s Omnibus Incentive Plan, and no purchase price was paid for these RSUs. This amended Form 4 corrects a prior overstatement of the units granted by 9 shares due to an administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Colson Nathaniel H
Role
Officer EVP, CFO & CRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,061 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 264,990.972 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 9 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 (MTG) report for February 4, 2026?
MGIC reported that executive officer Jennifer H. Schmitt acquired 24,061 restricted stock units of common stock on February 4, 2026. These RSUs were granted under the company’s Omnibus Incentive Plan and increased her directly held beneficial ownership to 264,990.972 shares.
What is the vesting schedule of the 24,061 MGIC (MTG) restricted stock units?
The 24,061 MGIC restricted stock units vest in three equal installments on February 28, 2027, 2028, and 2029. Vesting is conditioned on Jennifer H. Schmitt’s continued employment with MGIC Investment Corp through each applicable vesting date, as stated in the filing’s explanation.
Did the MGIC (MTG) executive pay a price for the restricted stock units?
No, the executive did not pay a purchase price for these restricted stock units. The filing states that the RSUs were awarded to Jennifer H. Schmitt under MGIC’s Omnibus Incentive Plan and that no price was paid by her in connection with the grant.
Why was this MGIC (MTG) Form 4 filed as an amendment?
The Form 4 was amended because an administrative error overstated the number of share units acquired on February 4, 2026 by 9 shares. The amended filing corrects the previously reported amount and confirms that 24,061 restricted stock units were actually granted.
What is the position of the reporting person in MGIC (MTG)?
The reporting person, Jennifer H. Schmitt, serves as Executive Vice President, Chief Financial Officer, and Chief Risk Officer of MGIC Investment Corp. Her role is indicated in the relationship section, where she is listed as an officer with the title EVP, CFO & CRO.
Under which plan were the MGIC (MTG) restricted stock units granted?
The restricted stock units were granted under MGIC Investment Corp’s Omnibus Incentive Plan. The explanation section specifies that these RSUs were awarded pursuant to this plan, which governs equity-based incentives granted to the reporting person by the issuer.