Form 4: Director Mark Zandi Increases MGIC Investment Stake

Director Mark Zandi acquired additional common stock and share units in MGIC Investment Corporation via dividend reinvestment.

Summary

• Director Mark Zandi acquired 29.075 shares of common stock on May 21, 2026, through dividend payments on restricted stock units.
• The director also acquired 275.606 share units under the company's Deferred Compensation Plan for Non-Employee Directors.
• Total beneficial ownership of common stock following the transaction is 33,946.6894 shares.
• Total beneficial ownership of share units following the transaction is 48,653.6473 units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard director equity participation.

Positives

• Director demonstrates continued alignment with shareholder interests through the accumulation of equity and share units.
• Acquisitions were made via dividend reinvestment and deferred compensation plans, indicating long-term commitment to the issuer.

Negatives

• None identified; this is a routine disclosure of equity accumulation.

Risks

• Share units are settled in cash, meaning they do not represent direct voting power in the same manner as common stock.
• Value of share units is directly tied to the market price of the issuer's common stock, exposing the director to market volatility.

Future Outlook

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

Management Comments

• No direct management commentary provided in this regulatory filing.

Industry Context

StockSavvy.ai notes that routine equity accumulation by directors through dividend reinvestment plans is a standard corporate governance practice, signaling internal confidence in the company's dividend policy and long-term stability.

Comparison to Industry Standards

• The transaction aligns with standard practices for non-employee director compensation in the financial services and mortgage insurance sectors.
• The use of deferred compensation plans for directors is consistent with peer companies like Radian Group or Essent Group.

Stakeholder Impact

• Positive signal for shareholders as it reflects director participation in company equity plans.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

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