MGIC Investment (NYSE: MTG) VP receives performance-based stock grants

Rhea-AI Filing Summary

MGIC Investment Corp Vice President and Chief Accounting Officer Julie K. Sperber reported three acquisitions of common stock tied to restricted stock unit awards. The grants cover 979, 1,262 and 6,251 shares at a price of $0.00 per share under the company’s Omnibus Incentive Plan.

Each award is subject to performance-vesting based on growth in adjusted book value per share, with performance already approved by a board committee. Provided she remains employed, the shares will be issued on the first business day following February 28, 2026.

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

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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^*

Sperber Julie K.

(Last) (First) (Middle)

C/O MGIC INVESTMENT CORPORATION

250 EAST KILBOURN AVENUE

(Street)

MILWAUKEE WI 53202

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP-Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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

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

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

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	02/25/2026		A		979(1)	A	(2)	81,455.871	D
Common Stock	02/25/2026		A		1,262(3)	A	(2)	82,717.871	D
Common Stock	02/25/2026		A		6,251(4)	A	(2)	88,968.871	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

Explanation of Responses:

1. Represents shares of Issuer common stock to be issued under a restricted stock unit award granted to the Reporting Person on February 5, 2025. The award is subject to performance-vesting restrictions based on growth in adjusted book value per share. Performance with respect to the shares reported in Column 4 has been approved by the appropriate committee of Issuer's Board. Provided continued employment, the shares will be issued to the Reporting Person on the first business day following February 28, 2026.

2. 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.

3. Represents shares of Issuer common stock to be issued under a restricted stock unit award granted to the Reporting Person on February 2, 2024. The award is subject to performance-vesting restrictions based on growth in adjusted book value per share. Performance with respect to the shares reported in Column 4 has been approved by the appropriate committee of Issuer's Board. Provided continued employment, the shares will be issued to the Reporting Person on the first business day following February 28, 2026.

4. Represents shares of Issuer common stock to be issued under a restricted stock unit award granted to the Reporting Person on February 3, 2023. The award is subject to performance-vesting restrictions based on growth in adjusted book value per share. Performance with respect to the shares reported in Column 4 has been approved by the appropriate committee of Issuer's Board. Provided continued employment, the shares will be issued to the Reporting Person on the first business day following February 28, 2026.

Remarks:

	Leslie A. Schunk, Attorney-in-Fact	02/26/2026
	** 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).
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FAQ

What did MGIC Investment (MTG) disclose about Julie K. Sperber’s recent equity awards?

Julie K. Sperber received three restricted stock unit-based awards in MGIC common stock. They cover 979, 1,262 and 6,251 shares at $0.00 per share, granted under MGIC’s Omnibus Incentive Plan as non-cash, equity-based compensation tied to performance and employment.

Are Julie K. Sperber’s new MGIC (MTG) stock awards performance-based?

Yes. Each award is subject to performance-vesting based on growth in MGIC’s adjusted book value per share. A board committee has approved performance for the reported shares, meaning issuance now depends on satisfying the remaining conditions, including continued employment through the specified date.

When will the MGIC (MTG) restricted stock units for Julie K. Sperber be issued?

The shares underlying these restricted stock unit awards will be issued on the first business day following February 28, 2026. Issuance requires that performance conditions remain satisfied and that Julie K. Sperber continues her employment with MGIC through that point.

Did Julie K. Sperber pay any cash for her new MGIC (MTG) RSU awards?

No. The footnotes state these restricted stock units were granted under MGIC’s Omnibus Incentive Plan and that Julie K. Sperber paid no price for them. They represent equity compensation, not open-market share purchases, and therefore carry a reported price of $0.00 per share.

What role does Julie K. Sperber hold at MGIC Investment (MTG)?

Julie K. Sperber is identified as Vice President and Chief Accounting Officer of MGIC Investment Corp. Her reported stock awards reflect equity compensation granted in connection with her executive role, subject to performance-vesting and continued employment conditions described in the filing footnotes.

How were the performance conditions for MGIC (MTG) RSUs determined for Julie K. Sperber?

The awards are tied to growth in MGIC’s adjusted book value per share. Performance for the shares reported was reviewed and approved by the appropriate committee of MGIC’s board, confirming that the stated performance criteria for vesting these reported units have been met.