Form 4: Director Jay C. Hartzell Increases MGIC Investment Stake

Director Jay C. Hartzell acquired additional common stock and share units in MGIC Investment Corporation via dividend reinvestment.

Summary

• Director Jay C. Hartzell acquired 200.681 shares of common stock on May 21, 2026, through dividend payments on Restricted Stock Units.
• The director also acquired 111.866 Share Units under the company's Deferred Compensation Plan for Non-Employee Directors.
• No cash consideration was paid for these acquisitions as they resulted from dividend reinvestment and plan participation.
• Following these transactions, the director's total beneficial ownership stands at 35,426.9411 shares of common stock and 19,748.0326 Share Units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard director compensation and dividend reinvestment activity.

Positives

• Director demonstrates continued alignment with shareholder interests through increased equity holdings.
• Acquisitions reflect participation in company-sponsored incentive and deferred compensation plans.

Negatives

• None identified; these are routine transactions related to compensation and dividend reinvestment.

Risks

• Value of Share Units is tied directly to the market price of MGIC Investment Corporation common stock, exposing the director to market volatility.

Future Outlook

The filing does not provide forward-looking financial guidance, as it is a routine disclosure of director equity changes.

Management Comments

• The transactions were executed pursuant to the Issuer's Omnibus Incentive Plan and the Deferred Compensation Plan for Non-Employee Directors.

Industry Context

StockSavvy.ai notes that routine director equity acquisitions via dividend reinvestment are standard corporate governance practices that signal internal confidence in the company's long-term stability.

Comparison to Industry Standards

• The acquisition method is consistent with standard executive compensation practices in the financial services and mortgage insurance sectors.
• Reporting aligns with SEC Section 16(a) requirements for timely disclosure of insider transactions.

Stakeholder Impact

• Positive signal to shareholders regarding director commitment to the company.

Next Steps

• Continued monitoring of director holdings in future SEC filings.

Key Dates

Keywords

MGIC Investment Corporation, MTG, Insider Trading, Form 4, Director Compensation, Dividend Reinvestment