4/A: MGIC CEO Mattke Amends RSU Grant Details

MGIC Investment Corp's CEO, Timothy J. Mattke, filed an amended Form 4 to correct an administrative error in a previously reported Restricted Stock Unit grant.

Summary

• Timothy J. Mattke, Chief Executive Officer and Director of MGIC Investment Corp, filed an amended Form 4.
• The amendment corrects an administrative error in a Restricted Stock Unit (RSU) grant reported on February 4, 2026.
• The original filing overstated the number of acquired share units by 34 shares.
• The corrected number of RSUs acquired is 90,226.
• Following this transaction, Mattke beneficially owns 912,814.401 shares.
• These RSUs were awarded under the Issuer's Omnibus Incentive Plan, and no price was paid by the reporting person for them.
• The RSUs will vest in equal installments on February 28, 2027, 2028, and 2029, contingent on continued employment.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. While the RSU grant itself is positive for executive alignment, the filing is primarily a correction of a minor administrative error, which is a routine compliance matter.

Positives

• The CEO received a significant grant of 90,226 Restricted Stock Units, aligning his interests with shareholders.
• The RSUs vest over three years, indicating a commitment to long-term retention of key management.

Negatives

• An administrative error required an amendment to a previous filing, which could suggest minor internal process issues, though quickly corrected.

Risks

• The vesting of the Restricted Stock Units is subject to the reporting person's continued employment with the issuer, meaning the shares could be forfeited if employment ceases before the vesting dates.

Future Outlook

The filing details the future vesting schedule for the granted Restricted Stock Units, occurring in equal installments on February 28, 2027, 2028, and 2029, contingent on continued employment.

Industry Context

StockSavvy.ai notes that executive compensation, particularly through equity awards like RSUs, is a standard practice across industries to align management incentives with shareholder value. The correction of a minor administrative error is a routine compliance matter and does not indicate broader industry trends.

Comparison to Industry Standards

• This filing is a routine insider transaction report. The RSU grant itself is a common form of executive compensation.
• Equity-based compensation is a standard practice for executives in publicly traded companies like MGIC Investment Corp, similar to practices at peers such as Radian Group Inc. (RDN) or Essent Group Ltd. (ESNT).
• Without details on the total compensation package or performance metrics tied to the grant, a direct comparison to specific companies or projects is not feasible from this filing alone.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CEO's long-term interests with shareholder value. The correction ensures accurate public disclosure.

Next Steps

• First vesting installment of RSUs on February 28, 2027.
• Second vesting installment of RSUs on February 28, 2028.
• Third vesting installment of RSUs on February 28, 2029.

Key Dates

Recommendation

This filing is a routine amendment to an insider transaction report, correcting a minor administrative error in an RSU grant. It provides no new material information that would warrant a change in investment recommendation. The RSU grant itself is a standard executive compensation practice.

Keywords

MGIC Investment Corp, MTG, Form 4/A, Restricted Stock Units, RSU, Insider Transaction, CEO Compensation, Executive Compensation, Timothy J. Mattke, Corporate Governance