[Form 4] MGIC INVESTMENT CORP Insider Trading Activity

Rhea-AI Filing Summary

Thompson Michael Leal reported acquisition or exercise transactions in this Form 4 filing.

MGIC Investment Corp director Michael Leal Thompson received 28.427 shares of common stock as a stock-based award linked to restricted stock units. The shares were issued as dividends on restricted stock units under the company’s Omnibus Incentive Plan, with no cash price paid. Following this award, Thompson directly holds 18,529.615 common shares.

Insights

Equity compensation analyst

Director received a small, compensation-related stock dividend award, not an open-market trade.

Director Michael Leal Thompson acquired 28.427 shares of MGIC Investment Corp common stock as dividends on restricted stock units under the Omnibus Incentive Plan. The filing specifies no price was paid, indicating a pure equity compensation adjustment rather than a market transaction.

This award increased his direct holdings to 18,529.615 shares. The transaction uses code A, described as a grant, award, or other acquisition, and does not involve buying or selling in the open market. As such, it primarily reflects ongoing director compensation, not a change in investment stance.

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^*

Thompson Michael Leal

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		A		28.427	A	(1)	18,529.615	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. Dividends paid on Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan. No price was paid by the reporting person for them.

Remarks:

	Leslie A. Schunk, Attorney-in-Fact	03/10/2026
	** 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.

FAQ

What did MGIC Investment Corp (MTG) director Michael Leal Thompson report on this Form 4?

He reported acquiring 28.427 shares of MGIC common stock. These were dividends paid on existing restricted stock units under the Omnibus Incentive Plan, increasing his direct holdings to 18,529.615 shares, and involved no cash purchase or sale in the market.

Was the MGIC (MTG) Form 4 transaction an open-market buy or sell?

No, the transaction was not an open-market trade. It is coded as a grant or award, representing dividends on restricted stock units under MGIC’s Omnibus Incentive Plan, with no price paid by director Michael Leal Thompson for the additional 28.427 shares.

How many MGIC Investment Corp (MTG) shares does Michael Leal Thompson hold after this transaction?

After the transaction, he directly holds 18,529.615 shares of MGIC common stock. This total reflects the addition of 28.427 shares received as dividend equivalents on restricted stock units, as disclosed in the Form 4 filing and related footnote.

What does the Form 4 footnote reveal about the MGIC (MTG) share award?

The footnote explains the 28.427 shares are dividends paid on restricted stock units granted under MGIC’s Omnibus Incentive Plan. It also clarifies that director Michael Leal Thompson paid no price for these shares, confirming the purely compensation-related nature of the acquisition.

Does this MGIC (MTG) Form 4 indicate any change in insider sentiment?

The filing mainly reflects routine equity compensation, not a discretionary trade. Shares were issued as dividend equivalents on restricted stock units with no cash consideration, so it shows standard compensation practices rather than an active buy or sell decision by the director.