4/A: MGIC Director Amends RSU Acquisition Filing

MGIC Investment Corp. Director Michael Leal Thompson filed an amended Form 4 to correct an administrative error in his previously reported Restricted Stock Unit acquisition.

Summary

• An amended Form 4 was filed by Michael Leal Thompson, a Director of MGIC Investment Corp. (MTG), to correct an administrative error in a previously reported transaction.
• The original filing overstated the number of Restricted Stock Units (RSUs) acquired on February 4, 2026, by 1.909 shares.
• The corrected number of RSUs acquired on February 4, 2026, is 5,075.188.
• Following this corrected transaction, the total amount of securities beneficially owned by Mr. Thompson is 18,501.152 RSUs.
• These RSUs were awarded to Mr. Thompson pursuant to the Issuer's Omnibus Incentive Plan, and no price was paid for them.
• The RSUs are scheduled to settle in stock ten business days after February 1, 2027, unless a qualified election for a later distribution was made by the reporting person.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as neutral, as it is an administrative correction to an insider transaction and does not reflect operational performance or strategic shifts.

Positives

• The company and its director are maintaining transparency by promptly correcting an administrative error in a public filing.

Negatives

• An initial administrative error occurred in the reporting of the RSU acquisition, requiring an amendment.

Future Outlook

The acquired Restricted Stock Units are scheduled to settle in stock ten business days after February 1, 2027, subject to any qualified election for a later distribution by the reporting person.

Industry Context

StockSavvy.ai notes that Form 4 filings provide transparency into insider ownership changes, which can sometimes signal management's confidence or concerns. This specific amendment, however, is purely administrative, correcting a minor reporting error rather than indicating a strategic shift or significant change in insider sentiment.

Comparison to Industry Standards

• This filing is an administrative correction of an insider transaction, which is a standard compliance procedure. It does not provide performance data for comparison against industry peers or benchmarks.

Stakeholder Impact

• Shareholders: Provides accurate and updated information regarding a director's beneficial ownership, ensuring transparency in insider holdings.

Next Steps

• Settlement of the Restricted Stock Units ten business days after February 1, 2027, unless a later distribution is elected by the reporting person.

Key Dates

Recommendation

This Form 4/A filing is an administrative correction of a director's RSU acquisition and does not contain information that would warrant a change in investment recommendation. It merely rectifies a minor reporting error, having no material impact on the company's fundamentals or outlook.

Keywords

MGIC, MTG, Form 4, SEC filing, beneficial ownership, restricted stock units, RSU, insider transaction, director, equity compensation