MGIC Investment (NYSE: MTG) director amends Form 4 after RSU cancellation
Rhea-AI Filing Summary
MGIC Investment Corp director Jodee A. Kozlak filed an amended Form 4 to clarify that she declined a previously reported restricted stock unit (RSU) grant, which was cancelled for no value and with no consideration paid. The amendment states she directly and beneficially owned 34,417.5201 shares of common stock on February 6, 2026.
The filing also notes her participation in MGIC’s Deferred Compensation Plan for Non-Employee Directors, where Share Units track the issuer’s common stock on a one-for-one basis, have no fixed expiration, and are settled in cash on specified distribution dates, subject to any qualified deferral elections.
Positive
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Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kozlak Jodee A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Share Units — 29,367.1778 shares (Direct);
Common Stock — 34,417.5201 shares (Direct)
Footnotes (5)
- F1. This amendment is being filed to state that the reporting person declined the grant of, and thus was deemed never to have acquired, the restricted stock units ("RSUs") reported in the reporting person's Form 4/A filed on February 6, 2026. The award of RSUs was cancelled for no value, and the reporting person received no consideration in connection with the cancellation. The aggregate amount of common stock directly and beneficially owned by the reporting person on February 6, 2026 was 34,417.5201.
- F2. 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.
- F3. 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.
- F4. These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
- F5. 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.
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FAQ
What did MGIC Investment (MTG) director Jodee Kozlak change in this amended Form 4?
The amended Form 4 clarifies that Jodee Kozlak declined a previously reported restricted stock unit grant. The award was cancelled for no value, and she received no consideration. The filing also restates her directly owned common stock position on February 6, 2026.
What happened to the previously reported RSU award for MGIC Investment (MTG) director Jodee Kozlak?
The filing states that the restricted stock units previously reported were cancelled for no value after Jodee Kozlak declined the grant. She was deemed never to have acquired the RSUs and received no cash or other consideration in connection with the cancellation.
How does MGIC Investment’s (MTG) Deferred Compensation Plan for Non-Employee Directors work for Jodee Kozlak?
The filing explains that Jodee Kozlak participates in a deferred compensation plan where Share Units correspond to MGIC common stock. These units are awarded or acquired through compensation deferral and are settled in cash on specified dates, with potential later distribution via qualified elections.