MGIC Investment (NYSE: MTG) director receives 36.7 shares in RSU dividend credit
Rhea-AI Filing Summary
MGIC Investment Corp director Martin P. Klein reported an automatic share acquisition tied to prior equity awards. He received 36.7 shares of common stock as dividends paid on Restricted Stock Units under the company’s Omnibus Incentive Plan, with no price paid for the shares. Following this grant, his direct holdings increased to 6,478.833 common shares. This reflects routine compensation-related share accrual rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 36.7 shares
Net Buy
1 txn
Insider
Klein Martin P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 36.7 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 6,478.833 shares (Direct)
Footnotes (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.
Key Figures
Shares granted: 36.7 shares
Price per share: $0.00 per share
Holdings after transaction: 6,478.833 shares
+1 more
4 metrics
Shares granted
36.7 shares
Dividends paid on Restricted Stock Units
Price per share
$0.00 per share
Grant of dividend-equivalent shares
Holdings after transaction
6,478.833 shares
Common stock directly owned after grant
Transaction code
A (Grant, award, or other acquisition)
Non-derivative common stock transaction classification
Key Terms
Restricted Stock Units, Omnibus Incentive Plan, Grant, award, or other acquisition
3 terms
Restricted Stock Units financial
"Dividends paid on Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Omnibus Incentive Plan financial
"Dividends paid on Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan."
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
AI-generated analysis. How Rhea-AI works. Not financial advice.