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MGIC Investment (MTG) director updates stock and cash-settled share units

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

Rhea-AI Filing Summary

MGIC Investment Corporation director Sheryl L. Sculley reported a small additional acquisition of common stock tied to a prior equity grant. On February 13, 2026, she received 0.036 shares of common stock due to fractional shares being rounded up in connection with settlement of director shares, with no price paid.

Following this adjustment, she beneficially owns 34,892.0311 shares of common stock directly. She also holds 19,526.7936 share units under MGIC’s deferred compensation plan for non-employee directors, which track the price of MGIC common stock on a one-for-one basis and are settled in cash on specified dates.

Positive

  • None.

Negative

  • None.
Insider Sculley Sheryl L.
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 0.036 $0.00 --
holding Share Units -- -- --
Holdings After Transaction: Common Stock — 34,892.031 shares (Direct); Share Units — 19,526.794 shares (Direct)
Footnotes (1)
  1. Fractional shares have been rounded up in connection with the settlement of the director shares, pursuant to the terms of the related grant. These RSUs were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan and 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.
Form 4 Insider Transactions: What Each Field Means →
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*
Sculley Sheryl L.
(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)
02/13/2026
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 02/13/2026 A 0.036(1) A (2) 34,892.0311 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(3) (4) (5) (6) Common Stock 19,526.7936 19,526.7936 D
Explanation of Responses:
1. Fractional shares have been rounded up in connection with the settlement of the director shares, pursuant to the terms of the related grant.
2. These RSUs were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan and no price was paid by the reporting person for them.
3. 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.
4. 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.
5. These Share Units 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 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.
Remarks:
Leslie A. Schunk, Attorney-in-Fact 02/17/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MGIC Investment (MTG) report for director Sheryl L. Sculley?

MGIC Investment reported that director Sheryl L. Sculley acquired 0.036 shares of common stock on February 13, 2026. The amount reflects fractional shares rounded up in connection with settlement of director shares under a related equity grant, with no price paid.

How many MGIC Investment (MTG) shares does director Sheryl L. Sculley now hold?

After the reported transaction, Sheryl L. Sculley beneficially owns 34,892.0311 shares of MGIC common stock directly. This figure reflects her holdings following the fractional share adjustment reported as an acquisition on February 13, 2026, under the company’s equity compensation arrangements.

What are the RSUs and share units described in the MGIC (MTG) Form 4 filing?

The filing states that RSUs were awarded under MGIC’s Omnibus Incentive Plan and required no payment by the director. It also notes participation in a Deferred Compensation Plan for Non-Employee Directors, where share units track MGIC common stock value on a one-for-one basis.

How are MGIC Investment (MTG) director share units valued and settled?

The share units are valued based on MGIC’s common stock price on the New York Stock Exchange, one unit per share. According to the filing, these units are settled in cash on a specified date, unless the director makes a qualified election for later distribution.

Does the MGIC (MTG) director Form 4 involve any option or warrant exercises?

The Form 4 does not describe any options or warrants. It reports a small acquisition of common stock through fractional share rounding and lists share units under a deferred compensation plan, which do not have a fixed exercise price and are ultimately settled in cash.

What total number of share units does the MGIC (MTG) director hold after the transaction?

The filing shows that the director holds 19,526.7936 share units after the reported date. These units correspond to MGIC common stock on a one-for-one basis and form part of the director’s deferred compensation, with value tied directly to MGIC’s stock price performance.