MGIC (MTG) Insider Filing: Kozlak Adds Shares via RSU Dividends and Deferred Comp
Rhea-AI Filing Summary
Jodee A. Kozlak, a director of MGIC Investment Corporation (MTG), reported transactions on 08/21/2025. The Form 4 shows the reporting person acquired 75.016 shares of common stock through dividends paid on Restricted Stock Units and acquired 158.462 share units under the company’s deferred compensation plan, which correspond to 29,209.6858 underlying common shares. After the reported transactions, the filing lists 34,342.9631 shares beneficially owned for the reporting person. The share units are described as cash-settled on a specified date, have no fixed exercise price or expiration, and some were acquired via phantom dividend reinvestment. The form was signed by an attorney-in-fact on 08/22/2025.
Positive
- Director's beneficial ownership increased through dividend-paid Restricted Stock Units and deferred compensation share units, raising reported holdings to 34,342.9631 shares.
Negative
- None.
Insights
TL;DR: Routine insider acquisitions tied to compensation and dividend reinvestment increase reported beneficial ownership modestly.
The Form 4 documents non-market acquisitions rather than open-market purchases: 75.016 common shares from dividend payment on restricted stock units and 158.462 share units under the deferred compensation plan, equating to 29,209.6858 underlying common shares. These instruments are cash-settled and have no stated exercise price or fixed expiration. The net reported beneficial ownership after the transactions is 34,342.9631 shares. This filing reflects compensation-related settlement mechanics rather than a discretionary trading decision by the director.
TL;DR: Disclosure aligns with Section 16 reporting for director compensation and dividend reinvestment; no governance red flags in the filing.
The disclosure identifies the reporting person as a director and indicates acquisitions resulted from restricted stock unit dividends and deferred compensation share units. The filing includes required explanations about settlement in cash, lack of a dollar-denominated exercise price, and phantom dividend reinvestment. The Form 4 was executed by an attorney-in-fact and contains the customary explanatory remarks. There are no statements in the document indicating departures, pledges, or changes in director role.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Units | 158.462 | $0.00 | -- |
| Grant/Award | Common Stock | 75.016 | $0.00 | -- |
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.
