MGIC Investment Corp (MTG) president granted 33,083 RSUs in corrected Form 4
Rhea-AI Filing Summary
MGIC Investment Corp's President and COO reported an award of restricted stock units and corrected a prior filing. On 02/04/2026, the officer acquired 33,083 restricted stock units, bringing direct ownership of common stock to 487,328.361 shares after the transaction.
The RSUs were granted under MGIC's Omnibus Incentive Plan at no cost to the officer and will vest in three equal installments on February 28 of 2027, 2028, and 2029, contingent on continued employment. The amendment clarifies that the originally reported number of share units acquired on February 4, 2026 had been overstated by 13 shares due to an administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 33,083 shares
Net Buy
1 txn
Insider
Miosi Salvatore A
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 33,083 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 487,328.361 shares (Direct)
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 13 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.
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FAQ
What insider transaction did MGIC Investment Corp (MTG) report on February 4, 2026?
MGIC Investment Corp reported that its President and COO acquired 33,083 restricted stock units on February 4, 2026. These units were granted under the company’s Omnibus Incentive Plan and increased the officer’s direct ownership to 487,328.361 common shares after the transaction.
Why was the MGIC Investment Corp (MTG) Form 4 amended on February 5, 2026?
The Form 4 was amended because the number of share units reported as acquired on February 4, 2026 was overstated by 13 shares due to an administrative error. The amendment corrects the previously reported amount and updates the officer’s reported equity holdings accordingly.
How do the new MGIC (MTG) restricted stock units for the President and COO vest?
The 33,083 restricted stock units will vest in three equal installments on February 28 of 2027, 2028, and 2029. Vesting is conditioned on the reporting person’s continued employment with MGIC Investment Corp through each applicable vesting date.
Did the MGIC (MTG) President and COO pay a price for the new restricted stock units?
No, the President and COO did not pay a purchase price for the restricted stock units. The filing states that the RSUs were awarded pursuant to MGIC Investment Corp’s Omnibus Incentive Plan and explicitly notes that no price was paid by the reporting person for them.
What is the President and COO’s MGIC (MTG) common stock ownership after the reported transaction?
Following the February 4, 2026 transaction, the President and COO beneficially owns 487,328.361 shares of MGIC Investment Corp common stock directly. This total reflects the updated equity position after accounting for the corrected restricted stock unit grant reported in the amended filing.
What role does the reporting person hold at MGIC Investment Corp (MTG)?
The reporting person in this filing serves as President and Chief Operating Officer of MGIC Investment Corp. This executive role is indicated in the relationship section, which identifies the individual as an officer of the issuer rather than a director or 10% owner.