MGIC Investment (NYSE: MTG) director awarded stock and cash-settled share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGIC Investment Corp director Jay C. Hartzell reported compensation-related acquisitions of equity-linked interests rather than open-market trades. He received 200.681 shares of Common Stock on May 21, 2026, described as dividends paid on Restricted Stock Units under the company’s Omnibus Incentive Plan, with no price paid.
On the same date, he also acquired 111.866 Share Units under the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors through phantom dividend reinvestment, again with no cash outlay. These Share Units track the company’s common stock one-for-one but are settled in cash on specified dates and do not have a fixed expiration.
Following these awards, Hartzell directly holds 35,426.9411 shares of Common Stock and 19,748.0326 Share Units as reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hartzell Jay C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Units | 111.866 | $0.00 | -- |
| Grant/Award | Common Stock | 200.681 | $0.00 | -- |
Holdings After Transaction:
Share Units — 19,748.033 shares (Direct, null);
Common Stock — 35,426.941 shares (Direct, null)
Footnotes (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. 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. 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. These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person. 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. 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 award: 200.681 shares
Common Stock holdings: 35,426.9411 shares
Share Units award: 111.866 units
+3 more
6 metrics
Common Stock award
200.681 shares
Dividends on Restricted Stock Units awarded on May 21, 2026
Common Stock holdings
35,426.9411 shares
Direct holdings after reported transaction
Share Units award
111.866 units
Phantom dividend reinvestment on May 21, 2026
Share Units holdings
19,748.0326 units
Total Share Units after reported transaction
Transaction code
A (Grant, award, or other acquisition)
Both Common Stock and Share Units entries
Price per share/unit
$0.0000
No price paid by reporting person for these awards
Key Terms
Restricted Stock Units, Omnibus Incentive Plan, Deferred Compensation Plan for Non-Employee Directors, Share Units, +2 more
6 terms
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
"Dividends paid on 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.
Deferred Compensation Plan for Non-Employee Directors financial
"The reporting person participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors under which units..."
phantom dividend reinvestment financial
"These Share Units were acquired through phantom dividend reinvestment and no price was paid by the reporting person for the Share Units."
cash-settled financial
"These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made..."
Cash-settled describes a financial contract that is resolved by paying the monetary difference between agreed and actual prices, instead of delivering the underlying asset. For investors, it matters because it simplifies trades—like settling a bet with cash rather than handing over the item—and affects liquidity, tax treatment, and counterparty exposure, since you receive or pay only the value change rather than owning or transferring the actual security or commodity.
FAQ
What insider transactions did MGIC Investment Corp (MTG) director Jay C. Hartzell report?
Jay C. Hartzell reported acquiring Common Stock and Share Units as compensation. He received 200.681 Common shares via dividends on Restricted Stock Units and 111.866 Share Units through phantom dividend reinvestment, with no cash paid for either award.
Were Jay C. Hartzell’s MGIC (MTG) Form 4 transactions open-market buys or sales?
The transactions were compensation-related awards, not open-market buys or sales. Both entries use code A for grants or awards, and footnotes state dividends on Restricted Stock Units and phantom dividend reinvestment, with no price paid by Hartzell.