[Form 4] MGIC Investment Corp. Insider Trading Activity

Rhea-AI Filing Summary

MGIC Investment Corp. (MTG) director Teresita M. Lowman reported an acquisition on 08/21/2025 of 155.807 shares of MGIC common stock resulting from dividends paid on Restricted Stock Units under the company's Omnibus Incentive Plan. The filing shows 28,729.5659 shares beneficially owned following the transaction, held in a direct ownership form. No cash was paid for the shares. The Form 4 was signed by attorney-in-fact Leslie A. Schunk on 08/22/2025. The report indicates the transaction was a dividend distribution on RSUs rather than an open-market purchase.

Positive

• Insider alignment: Director received shares from RSU dividends, which further aligns her interests with shareholders without cash outlay.
• Clear disclosure: Form 4 transparently reports the grant date, amount, and that no price was paid, meeting Section 16 reporting requirements.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received dividend shares from RSUs, increasing her direct holding without cash payment; routine insider disclosure.

This Form 4 documents a common equity-compensation event: dividends on restricted stock units converted into shares. Such transactions align executive pay with shareholder outcomes and require disclosure under Section 16. The size of the grant (155.807 shares) appears modest relative to total holdings (28,729.5659 shares), suggesting no material change in control or influence. No cash consideration was paid, and the filing was executed by power of attorney, which is standard practice.

Securities Analyst

TL;DR: Small RSU dividend issuance reported; immaterial to MGIC's capitalization but important for transparency and insider alignment.

The transaction increases the reporting person's direct share count by 155.807 shares through dividend reinvestment of RSUs. Given the reported post-transaction holding of 28,729.5659 shares, this issuance is immaterial to the company’s market capitalization and unlikely to move share price. The clear disclosure of transaction type and that no price was paid meets regulatory transparency expectations.

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
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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^*

Lowman Teresita M.

(Last) (First) (Middle)

C/O MGIC INVESTMENT CORPORATION

250 E. KILBOURN AVE.

(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)
08/21/2025

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	08/21/2025		A		155.807	A	(1)	28,729.5659	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

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.

Remarks:

	Leslie A. Schunk, Attorney-in-Fact	08/22/2025
	** 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.

FAQ

What did MGIC Investment Corp (MTG) insider Teresita M. Lowman report on Form 4?

The Form 4 reports an acquisition of 155.807 shares on 08/21/2025, resulting from dividends on Restricted Stock Units; 28,729.5659 shares were beneficially owned after the transaction.

Was any cash paid by the reporting person for the shares reported on MTG Form 4?

No. The filing states no price was paid for the shares; they were issued as dividends on RSUs under the Omnibus Incentive Plan.

What is the reporting person’s relationship to MGIC (MTG)?

The reporting person, Teresita M. Lowman, is identified as a Director of MGIC Investment Corp.

When was the Form 4 transaction dated and when was the form signed?

The transaction date is 08/21/2025, and the Form 4 was signed by attorney-in-fact Leslie A. Schunk on 08/22/2025.

Does the Form 4 indicate this was an open-market purchase?

No. The filing indicates the shares were issued as dividends on RSUs, not acquired in the open market.