Form 4: Director Mark Zandi Boosts MGIC Investment Holdings

MGIC Investment Corp. Director Mark Zandi increased his beneficial ownership of common stock and share units through dividend reinvestments.

Summary

• Director Mark Zandi acquired 26.83 shares of MGIC Investment Corp. Common Stock on November 20, 2025, through dividends paid on Restricted Stock Units, for which no price was paid.
• Following this transaction, Zandi directly beneficially owns 28,813.9634 shares of Common Stock.
• Zandi also acquired 258 Share Units on November 20, 2025, through phantom dividend reinvestment under the company's Deferred Compensation Plan for Non-Employee Directors, for which no price was paid.
• These Share Units do not have a specified exercise or conversion price, with their value based on the Issuer's common stock price on a one-for-one basis.
• The Share Units are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.
• Following this transaction, Zandi directly beneficially owns 48,108.5753 Share Units.

Sentiment

Score: 6

Explanation: The filing indicates an increase in beneficial ownership by a director through dividend reinvestment, which is generally viewed as a minor positive signal of confidence. However, it's a routine transaction and not a direct purchase, limiting its overall sentiment impact.

Positives

• Director Mark Zandi increased his beneficial ownership in the company, which can signal confidence in the company's future prospects.
• The increase in holdings occurred through dividend reinvestment, indicating a passive accumulation of shares/units rather than a sale.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide information to analyze broader industry trends or competitors. It reflects an individual director's holdings rather than a strategic company announcement.

Related Party Transactions

• The acquisition of 26.83 shares of common stock resulted from dividends paid on Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan.
• The acquisition of 258 Share Units resulted from phantom dividend reinvestment under the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.

Stakeholder Impact

• Shareholders may view the director's increased holdings, even through dividend reinvestment, as a minor positive signal of management's alignment with shareholder interests.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

MGIC Investment Corp, MTG, Mark Zandi, Form 4, insider transaction, beneficial ownership, common stock, share units, director, dividend reinvestment, restricted stock units, deferred compensation plan