MGIC director granted stock and share units

Zandi Mark reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Zandi Mark reported acquisition or exercise transactions in this Form 4 filing.

MGIC Investment Corporation director Mark Zandi reported routine equity-based compensation. On March 6, 2026, he received 269.466 Share Units tied one-for-one to MGIC common stock value and 28.427 shares of Common Stock, both at $0.00 per share. The Share Units were credited under the Deferred Compensation Plan for Non-Employee Directors and are cash-settled on specified distribution dates without a fixed expiration. Following these awards, Zandi holds 48,378.0413 Share Units and 33,917.6144 shares of Common Stock directly.

Insider Trade Summary

Grant/Award: 297.893 shares

Grant/Award 2 txns

Insider Zandi Mark

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Share Units	269.466	$0.00	$0.00
Grant/Award	Common Stock	28.427	$0.00	$0.00

Holdings After Transaction: Share Units — 48,378.0413 contracts (Direct); Common Stock — 33,917.6144 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.

FAQ

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

What insider transactions did MGIC (MTG) director Mark Zandi report?

Mark Zandi reported routine equity awards. He acquired 269.466 Share Units and 28.427 shares of MGIC Common Stock at no cost as part of director compensation arrangements, increasing both his cash-settled Share Units and directly held common share position.

How many MGIC (MTG) Share Units did Mark Zandi receive and what are they?

He received 269.466 Share Units. These units correspond one-for-one to MGIC common stock value, are credited under the Deferred Compensation Plan for Non-Employee Directors, and are ultimately settled in cash on specified distribution dates rather than delivering actual shares.

How many MGIC (MTG) common shares does Mark Zandi hold after this Form 4?

After these awards, Mark Zandi directly holds 33,917.6144 shares of MGIC Common Stock. This reflects the addition of 28.427 new shares, which were granted at no cost, on top of his prior directly held common share balance.

How many MGIC (MTG) Share Units does Mark Zandi hold following the reported grants?

Following the reported transaction, Mark Zandi holds 48,378.0413 Share Units. These units track MGIC’s common stock price on a one-for-one basis and are settled in cash on specified dates, under the company’s deferred compensation plan for non-employee directors.

Did Mark Zandi pay anything for the MGIC (MTG) awards reported on this Form 4?

No, he did not pay any price for these awards. Both the 28.427 common shares and 269.466 Share Units were granted at $0.00 per share, reflecting dividends and compensation-related credits under MGIC’s incentive and deferred compensation arrangements.

Are the MGIC (MTG) Share Units reported by Mark Zandi stock options?

They are not stock options. The Share Units do not have a dollar-denominated exercise price, instead tracking MGIC common stock value one-for-one and being settled in cash on specified dates, with no fixed expiration date under the deferred compensation framework.

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

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Accepted by SEC EDGAR 03/10/2026 - 04:01 PM 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^*

Zandi Mark

(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)	33,917.6144	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		269.466		(4)	(5)	Common Stock	269.466	(6)	48,378.0413	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.