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MGIC Investment (NYSE: MTG) director receives share units and stock

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MGIC Investment Corp director C. Edward Chaplin reported awards of additional equity-based compensation. On March 6, he acquired 277.468 Share Units tied to MGIC common stock value and 146.361 shares of Common Stock, both at no cost to him.

The Share Units were credited through phantom dividend reinvestment under MGIC’s deferred compensation plan for non-employee directors and will be settled in cash based on the stock price. Following these awards, Chaplin directly holds 49,814.7341 Share Units and 44,572.8554 shares of Common Stock.

Positive

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Insights

Routine director compensation awards with no open-market trading.

Director C. Edward Chaplin received additional equity-based compensation from MGIC Investment Corp in the form of Share Units and Common Stock. Both entries use transaction code A, indicating grants or awards rather than market purchases.

The 277.468 Share Units are phantom units under a deferred compensation plan, settled in cash and valued one-for-one with MGIC common stock. Footnotes state they arise from phantom dividend reinvestment and carry no exercise price, so they function as cash-settled stock equivalents.

The additional 146.361 shares of Common Stock were also acquired as a grant at no cost. There are no sales, tax withholdings, or option exercises in this filing, and derivativeSummary is empty, so the filing mainly updates Chaplin’s compensation-related holdings without signaling discretionary buying or selling.

Insider CHAPLIN C EDWARD
Role Director
Type Security Shares Price Value
Grant/Award Share Units 277.468 $0.00 --
Grant/Award Common Stock 146.361 $0.00 --
Holdings After Transaction: Share Units — 49,814.734 shares (Direct); Common Stock — 44,572.855 shares (Direct)
Footnotes (1)
  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.
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*
CHAPLIN C EDWARD

(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 146.361 A (1) 44,572.8554 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) 03/06/2026 A 277.468 (4) (5) Common Stock 277.468 (6) 49,814.7341 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 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 (MTG) director C. Edward Chaplin report in this Form 4?

Director C. Edward Chaplin reported two compensation-related acquisitions: 277.468 Share Units linked to MGIC common stock and 146.361 shares of Common Stock. Both were acquired at no cost as part of the company’s director compensation and deferred compensation programs.

Were there any stock sales by MGIC Investment (MTG) director C. Edward Chaplin?

No, this filing reports only acquisitions, not sales. Both transactions are coded “A” for grants or awards, with no open-market purchases or dispositions. The filing updates his compensation-related holdings without reducing his reported positions in MGIC securities.

What are the Share Units MGIC Investment (MTG) granted to director Chaplin?

The 277.468 Share Units are phantom units under MGIC’s deferred compensation plan. Their value matches MGIC common stock on a one-for-one basis, but they are settled in cash on a specified date, not in actual shares, unless distribution is deferred.

How were the new MGIC Investment (MTG) Share Units acquired by the director?

Footnotes explain the Share Units were acquired through phantom dividend reinvestment within the deferred compensation plan. Dividends payable on prior restricted stock unit awards are credited as additional Share Units, and no price was paid by the director for these units.

What are C. Edward Chaplin’s holdings after these MGIC Investment (MTG) transactions?

After the reported awards, Chaplin holds 49,814.7341 Share Units under the deferred compensation plan and 44,572.8554 shares of Common Stock, all directly. These figures reflect the updated positions following the March 6 compensation-related acquisitions.

Do the MGIC Investment (MTG) Share Units have an exercise price or expiration date?

The Share Units have no dollar-denominated exercise price and no fixed expiration date. Their value tracks MGIC common stock, and they are settled in cash on a specified distribution date, unless the director elects a later qualified distribution.