MGIC (NYSE: MTG) director granted dividend shares, cash-settled units

Rhea-AI Filing Summary

MGIC INVESTMENT CORP (MTG) reported that a director received equity-linked awards as part of board compensation. The reporting person acquired 195.031 shares of Common Stock through dividends on Restricted Stock Units and 108.717 Share Units through phantom dividend reinvestment, with no cash price paid for either.

After these awards, the director holds 35,621.9721 Common Shares and 19,856.7496 Share Units, all reported as directly owned. The Share Units are cash-settled, track MTG’s stock one-for-one, and are issued under a non-employee director deferred compensation plan.

Insider Trade Summary

Net Buyer: 195.031 shares

Net Buy 2 txns

Insider Hartzell Jay C.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Share Units F2, F3, F6, F4, F5	108.717	--	--
Grant/Award	Common Stock F1	195.031	--	--

Holdings After Transaction: Share Units — 19,856.7496 shares (Direct); Common Stock — 35,621.9721 shares (Direct)

Footnotes (6)

1. F1. Dividends paid on Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan. No price was paid by the reporting person for them.
2. 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.
3. 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.
4. 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.
5. 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.
6. F6. These Share Units were acquired through phantom dividend reinvestment and no price was paid by the reporting person for the Share Units.

Key Figures

Common Stock acquired: 195.031 shares Common Stock holdings after transaction: 35,621.9721 shares Share Units acquired: 108.717 Share Units +2 more

5 metrics

Common Stock acquired 195.031 shares Dividends paid on Restricted Stock Units on 2026-08-20

Common Stock holdings after transaction 35,621.9721 shares Director’s direct ownership after the 2026-08-20 acquisition

Share Units acquired 108.717 Share Units Phantom dividend reinvestment on 2026-08-20 under deferred compensation plan

Share Units holdings after transaction 19,856.7496 Share Units Director’s direct Share Units balance after the acquisition

Transaction count (acquisitions) 2 transactions Both coded A as grants/awards or other acquisitions

Key Terms

Share Units, phantom dividend reinvestment, Deferred Compensation Plan for Non-Employee Directors, Restricted Stock Units, +1 more

5 terms

Share Units financial

"units corresponding to shares of Common Stock of the Issuer ("Share Units")"

phantom dividend reinvestment financial

"These Share Units were acquired through phantom dividend reinvestment"

Deferred Compensation Plan for Non-Employee Directors financial

"participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors"

Restricted Stock Units financial

"Dividends paid on Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Omnibus Incentive Plan financial

"Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan"

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

FAQ

What insider transactions did MTG report for director Jay C. Hartzell?

MTG reported that the director acquired 195.031 Common Shares via dividends on Restricted Stock Units and 108.717 Share Units via phantom dividend reinvestment on 2026-08-20, with no cash price paid for these awards.

How many MGIC Investment Corp (MTG) Common Shares does the director hold after these transactions?

Following the reported awards, the director holds 35,621.9721 shares of MTG Common Stock, all shown as directly owned. This reflects the updated position after the 195.031-share stock dividend-related acquisition.

What are the Share Units reported in the MTG Form 4?

The Form 4 describes Share Units as units corresponding one-for-one to MTG Common Stock, awarded or acquired under a Deferred Compensation Plan for Non-Employee Directors. They are cash-settled and their value is based on MTG’s NYSE stock price.

How many Share Units linked to MTG stock does the director now hold?

After acquiring 108.717 Share Units through phantom dividend reinvestment, the director’s reported balance is 19,856.7496 Share Units, all directly owned. These units are settled in cash on a specified or deferred distribution date.

Did the director pay any price for the new MTG shares and Share Units?

No. Footnotes state that the 195.031 Common Shares came from dividends on Restricted Stock Units and the 108.717 Share Units from phantom dividend reinvestment, and that no price was paid by the reporting person for either.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/21/2026 - 04:36 PM Accepted by SEC EDGAR 08/21/2026 - 04:36 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hartzell Jay C.

(Last) (First) (Middle)

C/O MGIC INVESTMENT CORPORATION

250 EAST KILBOURN AVENUE

(Street)

MILWAUKEE WISCONSIN 53202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MGIC INVESTMENT CORP [ MTG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/20/2026		A		195.031	A	(1)	35,621.9721	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share Units(2)	(3)	08/20/2026		A		108.717		(4)	(5)	Common Stock	108.717	(6)	19,856.7496	D

Explanation of Responses:

1. Dividends paid on Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan. No price was paid by the reporting person for them.

2. 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.

3. 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.

4. These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.

5. 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.

6. These Share Units were acquired through phantom dividend reinvestment and no price was paid by the reporting person for the Share Units.

Remarks:

	Leslie A. Schunk, Attorney-in-Fact	08/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)