Director gifts 311,511 MGIC (NYSE: MTG) shares via trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGIC Investment Corp director Curt S. Culver reported a bona fide gift of 311,511 shares of Common Stock held through a family trust. The gift carried a reported price of $0.00 per share, meaning no cash changed hands in this non-market transfer.
Following the gift, indirect holdings by a family trust were 12,065 shares, while direct ownership was 21,610.6144 shares. This filing reflects a charitable or personal transfer rather than an open-market trade, so it does not indicate buying or selling activity in the stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
311,511 shares gifted
Mixed
2 txns
Insider
CULVER CURT S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 311,511 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,065 shares (Indirect, By a Family Trust);
Common Stock — 21,610.614 shares (Direct, null)
Footnotes (1)
- These shares were gifted from a trust through which the reporting person holds an indirect ownership. This transaction was a gift, and no price was received or paid for this transaction.
Key Figures
Shares gifted: 311,511 shares
Gift price per share: $0.00 per share
Indirect holdings after gift: 12,065 shares
+2 more
5 metrics
Shares gifted
311,511 shares
Bona fide gift of Common Stock
Gift price per share
$0.00 per share
No consideration received for gift
Indirect holdings after gift
12,065 shares
Held by a Family Trust after transaction
Direct holdings after transactions
21,610.6144 shares
Direct ownership following reported entries
Gift transactions
1 gift, 311,511 shares
TransactionSummary giftCount and giftShares
Key Terms
Bona fide gift, indirect ownership, Family Trust, Common Stock
4 terms
Bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect ownership financial
"shares were gifted from a trust through which the reporting person holds an indirect ownership"
Family Trust financial
"nature_of_ownership: "By a Family Trust""
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did MGIC Investment Corp (MTG) director Curt S. Culver report on this Form 4?
He reported a bona fide gift of MGIC Investment Corp Common Stock. The transaction involved transferring shares held through a family trust, reflecting a personal or charitable disposition rather than a market purchase or sale of MTG shares.
What are Curt S. Culver’s MGIC (MTG) holdings after the reported gift?
After the gift, the filing reports 12,065 shares held indirectly through a family trust and 21,610.6144 shares held directly. These figures show his remaining ownership interests following the non-cash share transfer described as a bona fide gift.
Was the MGIC (MTG) transaction an open-market sale or purchase?
The transaction was not an open-market trade. It is coded as a “G” transaction, described as a bona fide gift, with a price of $0.00 per share, meaning it does not represent buying or selling activity on the stock market.