MGIC director adds dividend-linked shares, units

MGIC INVESTMENT CORP (MTG) reported that director Sheryl L. Sculley acquired additional equity-linked interests through routine compensation mechanisms.

Rhea-AI Filing Summary

MGIC INVESTMENT CORP (MTG) reported that director Sheryl L. Sculley acquired additional equity-linked interests through routine compensation mechanisms. She received 130.498 shares of Common Stock as dividends paid on Restricted Stock Units, with no price paid by her. She also acquired 108.717 Share Units under the Deferred Compensation Plan for Non-Employee Directors through phantom dividend reinvestment, again with no price paid. After these transactions, she held 35,288.0931 Common Shares directly and 19,856.7496 Share Units, which are cash-settled instruments whose value tracks MGIC common stock on a one-for-one basis.

Insider Trade Summary

Grant/Award: 239.215 shares

Grant/Award 2 txns

Insider Sculley Sheryl L.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Share Units F2, F3, F6, F4, F5	108.717	--	--
Grant/Award	Common Stock F1	130.498	--	--

Holdings After Transaction: Share Units — 19,856.7496 contracts (Direct); Common Stock — 35,288.0931 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: 130.498 shares Common Stock holdings after transaction: 35,288.0931 shares Share Units acquired: 108.717 Share Units +2 more

5 metrics

Common Stock acquired 130.498 shares Dividends paid on Restricted Stock Units on 2026-08-20; no price paid

Common Stock holdings after transaction 35,288.0931 shares Direct ownership by Sheryl L. Sculley following the 2026-08-20 acquisition

Share Units acquired 108.717 Share Units Phantom dividend reinvestment under Deferred Compensation Plan on 2026-08-20

Share Units holdings after transaction 19,856.7496 Share Units Cash-settled units tracking MGIC common stock value on a one-for-one basis

Transactions characterized as acquisitions 2 transactions Both reported with transaction code A (grant, award, or other acquisition)

Key Terms

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

4 terms

Share Units financial

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

Deferred Compensation Plan for Non-Employee Directors financial

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

phantom dividend reinvestment financial

"These Share Units were acquired through phantom dividend reinvestment"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did MTG director Sheryl L. Sculley report on this Form 4?

She reported two acquisitions on 2026-08-20: 130.498 Common Shares received as dividends on Restricted Stock Units and 108.717 Share Units acquired through phantom dividend reinvestment under MGIC’s Deferred Compensation Plan for Non-Employee Directors.

How many MGIC (MTG) common shares does Sheryl L. Sculley hold after these transactions?

Following the reported transactions, Sheryl L. Sculley directly holds 35,288.0931 shares of MGIC common stock, as disclosed in the Form 4.

What are the Share Units reported by Sheryl L. Sculley in MTG’s Form 4?

The Share Units are units under MGIC’s Deferred Compensation Plan for Non-Employee Directors whose value is based, on a one-for-one basis, on the price of MGIC common stock and are settled in cash on a specified date, subject to any qualified deferral election.

How many Share Units linked to MGIC (MTG) stock does Sheryl L. Sculley hold after the reporting date?

After acquiring 108.717 new Share Units, Sheryl L. Sculley holds 19,856.7496 Share Units under MGIC’s Deferred Compensation Plan for Non-Employee Directors.

Did Sheryl L. Sculley pay any price for the securities reported in this MTG Form 4?

No. The 130.498 Common Shares were dividends paid on Restricted Stock Units, and the 108.717 Share Units were acquired through phantom dividend reinvestment. The filing states that no price was paid by her for these acquisitions.

Are the Share Units reported by Sheryl L. Sculley in MTG stock settled in shares or cash?

The filing states these Share Units are settled in cash on a specified date, unless Sheryl L. Sculley makes a qualified election for a later distribution, and they do not expire on a fixed date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/21/2026 - 04:36 PM EDT Accepted by SEC EDGAR 08/21/2026 - 04:36 PM EDT 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^*

Sculley Sheryl L.

(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		130.498	A	(1)	35,288.0931	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)