Form 4: MGIC Director Acquires Shares via RSU Dividends

MGIC Investment Corp. Director Michael Leal Thompson acquired 26.995 shares of common stock through dividends on Restricted Stock Units.

Summary

• Director Michael Leal Thompson acquired 26.995 shares of MGIC Investment Corp. common stock.
• The acquisition occurred on August 21, 2025, and was reported on August 22, 2025.
• These shares were received as dividends on Restricted Stock Units (RSUs) previously awarded under the company's Omnibus Incentive Plan.
• No cash price was paid by Mr. Thompson for these shares.
• Following this transaction, Mr. Thompson beneficially owns 13,399.134 shares of common stock directly.

Sentiment

Score: 7

Explanation: A director increasing their stake, even through RSU dividends, is generally a positive signal of alignment and confidence, though the amount is small relative to total holdings.

Positives

• Director Michael Leal Thompson increased his direct beneficial ownership in MGIC Investment Corp. by 26.995 shares, signaling continued alignment with shareholder interests.
• The acquisition stems from dividends on Restricted Stock Units, indicating the company's ongoing incentive plan is generating returns for its directors.

Future Outlook

This filing is a report of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction report for a director's equity compensation and does not provide broader industry context or trends.

Related Party Transactions

• The acquisition of shares through dividends on Restricted Stock Units is a transaction between the company and a director, consistent with the terms of the Issuer's Omnibus Incentive Plan.

Stakeholder Impact

• Shareholders: Increased director ownership may be seen as a positive signal of management's alignment with shareholder interests.
• Employees: The transaction highlights the operation of the company's Omnibus Incentive Plan, which can be a positive for employee morale and retention.

Key Dates

Recommendation

The acquisition of a small number of shares by a director through RSU dividends is a routine event and does not provide sufficient new information to alter an existing investment thesis. While it indicates continued alignment, the transaction size is not material enough to drive a 'buy' or 'sell' recommendation on its own.

Keywords

MGIC Investment Corp, MTG, Form 4, Insider Transaction, Director Stock Acquisition, Restricted Stock Units, Equity Compensation, Dividend Reinvestment