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MGIC (MTG) director receives stock awards and cash-settled share units

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

Rhea-AI Filing Summary

Hartzell Jay C. reported acquisition or exercise transactions in this Form 4 filing.

MGIC Investment Corp director Jay C. Hartzell reported routine equity compensation awards. On March 6, 2026, he received 109.373 Share Units tied to MGIC common stock value and 196.209 shares of Common Stock, both at a stated price of $0.0000 per share.

The Share Units arise from dividend reinvestment and the deferred compensation plan for non-employee directors and are settled in cash based on MGIC’s stock price. Following these awards, Hartzell holds 19,636.1666 Share Units and 35,226.2601 shares of Common Stock directly.

Positive

  • None.

Negative

  • None.
Insider Hartzell Jay C.
Role Director
Type Security Shares Price Value
Grant/Award Share Units 109.373 $0.00 --
Grant/Award Common Stock 196.209 $0.00 --
Holdings After Transaction: Share Units — 19,636.167 shares (Direct); Common Stock — 35,226.26 shares (Direct)
Footnotes (1)
  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.
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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*
Hartzell Jay C.
(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 196.209 A (1) 35,226.2601 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 109.373 (4) (5) Common Stock 109.373 (6) 19,636.1666 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did MGIC (MTG) director Jay C. Hartzell report?

Jay C. Hartzell reported acquiring share-based awards as director compensation. He received 109.373 Share Units and 196.209 shares of MGIC common stock on March 6, 2026, with no cash price paid, reflecting routine, non-market equity compensation activity.

How many MGIC (MTG) Share Units did Jay C. Hartzell receive and how are they valued?

Hartzell received 109.373 Share Units. Each unit’s value is linked one-for-one to MGIC’s common stock price on the New York Stock Exchange, and the units are settled in cash rather than stock, under the company’s deferred compensation plan for non-employee directors.

Did Jay C. Hartzell pay cash for the MGIC (MTG) awards reported on this Form 4?

No cash was paid for these awards. The Share Units were acquired through phantom dividend reinvestment, and the common shares and units reflect compensation arrangements under MGIC’s incentive and deferred compensation plans, rather than open-market purchases by Hartzell.

What are MGIC (MTG) Share Units held by director Jay C. Hartzell?

The Share Units are cash-settled instruments whose value tracks MGIC common stock on a one-for-one basis. They are granted or acquired through the non-employee directors’ deferred compensation plan, do not have a fixed exercise price, and are settled in cash on specified distribution dates.

What are Jay C. Hartzell’s MGIC (MTG) holdings after the reported Form 4 transactions?

After these awards, Hartzell holds 19,636.1666 Share Units and 35,226.2601 shares of MGIC common stock directly. These amounts reflect his updated position following the March 6, 2026 director compensation-related grants disclosed in the Form 4 filing.

Are the MGIC (MTG) transactions for Jay C. Hartzell open-market buys or routine grants?

The transactions are routine grants and deferred compensation-related awards, not open-market buys. Both the Share Units and common stock were awarded at a stated price of $0.0000 per share as part of MGIC’s incentive and deferred compensation arrangements for non-employee directors.