[Form 4] MGIC Investment Corp. Insider Trading Activity

Rhea-AI Filing Summary

Analisa M. Allen, a director of MGIC Investment Corporation (MTG), reported acquisitions of company equity on 08/21/2025. The filing shows 161.632 shares of common stock were received as dividends on restricted stock units at no cost, bringing total beneficial ownership to 29,794.2191 shares. The report also records acquisition of 24.263 share units under the companys Deferred Compensation Plan for Non-Employee Directors, increasing the reporting persons share units to 4,472.3849; those units are cash-settled unless a later distribution election is made. All reported share units were acquired through dividend reinvestment or compensation deferral and no price was paid by the reporting person.

Positive

• Director acquired 161.632 shares via dividend reinvestment at no cost, increasing transparency of insider holdings
• Share units increased by 24.263 through phantom dividend reinvestment under the Deferred Compensation Plan, with clear settlement terms disclosed

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director compensation transactions; modest share increases via dividend reinvestment and deferred compensation.

The Form 4 documents non-derivative and deferred-compensation-related acquisitions by a director. The 161.632 shares were issued as dividends on restricted stock units and the 24.263 share units reflect phantom dividend reinvestment under the deferred compensation plan. These transactions are compensatory and non-cash by nature, so they are unlikely to materially change control or valuation. Reporting clarifies settlement mechanics (cash-settled share units unless deferred) which matters for liquidity timing but not for immediate dilution.

Corporate Governance Expert

TL;DR: Disclosure aligns with typical Section 16 reporting for director awards and deferred-compensation share units.

The filing properly identifies the reporting person as a director and discloses acquisitions tied to the Omnibus Incentive Plan and the Deferred Compensation Plan for Non-Employee Directors. Notable governance details include that share units carry no fixed exercise price and are settled in cash by default. The transactions are administrative and compensation-related rather than market trades, suggesting routine governance practice rather than a signal of material corporate change.

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

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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^*

Allen Analisa M

(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)
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		161.632	A	(1)	29,794.2191	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)	08/21/2025		A		24.263		(4)	(5)	Common Stock	4,472.3849	(6)	4,472.3849	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	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 director Analisa M. Allen acquire on 08/21/2025?

The reporting person received 161.632 common shares as dividends on restricted stock units and 24.263 share units via deferred compensation reinvestment.

Did Analisa M. Allen pay for the shares reported on Form 4 (MTG)?

No. The Form 4 states no price was paid for the shares acquired through dividend reinvestment and the share units.

What is the reporting persons total beneficial ownership after the transaction?

Total beneficial ownership of common stock is reported as 29,794.2191 shares following the transaction.

Are the share units exercisable or cash-settled?

The share units do not have a fixed exercise price and are settled in cash on a specified date unless a qualified election for later distribution is made.

Was this Form 4 filed individually or jointly?

The form indicates it was filed by one reporting person.