MGIC (MTG) Director Reports Stock-Linked Compensation on Form 4
Rhea-AI Filing Summary
Sheryl L. Sculley, a director of MGIC Investment Corporation (MTG), reported acquisitions on 08/21/2025. She received 126.084 shares of Common Stock as dividend-paid Restricted Stock Units at no cost, resulting in 29,691.4941 shares beneficially owned after the transaction. She also acquired 105.364 share units (deferred compensation "Share Units") on the same date, representing 19,422.0736 underlying Common Stock share units settled in cash unless a later distribution election is made. The report notes these Share Units have no specified exercise price, are valued one-for-one with MTG common stock, and some were acquired through phantom dividend reinvestment. The filing was signed by an attorney-in-fact on 08/22/2025.
Positive
- Director's beneficial ownership increased through issuance of restricted stock units and share units, reflecting alignment with shareholder value.
- No cash outlay required for the received Restricted Stock Units and phantom dividend reinvested Share Units, indicating compensation rather than market purchase.
Negative
- None.
Insights
TL;DR: Director received and deferred compensation in stock-linked units; ownership increased modestly with no cash outlay.
The filing documents routine non-market acquisitions by a director under company compensation plans: small dividend-paid restricted stock units and deferred compensation share units settled in cash. These transactions increase the reporting person’s beneficial interest by 29,691.4941 common shares and 19,422.0736 share units (cash-settled) but do not reflect open-market purchases or sales. There is no exercise price, and several units were issued via phantom dividend reinvestment, indicating administrative compensation activity rather than active trading. For investors, this is a governance/compensation disclosure without direct liquidity or control implications.
TL;DR: Compensation-driven issuances recorded; standard disclosure of director deferrals and dividend reinvestment.
The Form 4 shows compliance with Section 16 reporting for director compensation and dividend reinvestment. The Share Units arise under the non-employee director deferred compensation plan and are cash-settled unless the director elects otherwise. No price was paid for the restricted stock unit dividends or the phantom reinvested units, which is typical for in-kind dividend distributions and deferred-compensation accounting. This report appears to be a routine, non-material change in beneficial ownership tied to compensation mechanics rather than a signal of strategic insider trading.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Units | 105.364 | $0.00 | -- |
| Grant/Award | Common Stock | 126.084 | $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.
