4/A: MGIC Director Amends RSU Filing, Corrects Share Count

MGIC Investment Corporation's Director, Jodee A. Kozlak, filed an amended Form 4 to correct an administrative error in previously reported Restricted Stock Unit acquisitions.

Summary

• An amended Form 4 was filed by Jodee A. Kozlak, a Director of MGIC Investment Corporation, to correct an administrative error.
• The amendment addresses an overstatement of 1.909 shares in the Restricted Stock Units (RSUs) reported as acquired on February 4, 2026.
• The corrected number of RSUs acquired on February 4, 2026, is 5,073.279.
• These RSUs are scheduled to be settled in stock ten business days after February 1, 2027, unless the reporting person elects a later distribution.
• Jodee A. Kozlak's total beneficial ownership of Common Stock following this corrected transaction is 39,492.7081 shares.
• The reporting person also holds 29,367.1778 Share Units under the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors, which are settled in cash based on the Issuer's common stock price.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it demonstrates transparency and diligence in correcting a minor administrative error in insider reporting, which is a positive for corporate governance.

Positives

• The company and its director demonstrated transparency by promptly filing an amendment to correct a reporting error.
• The correction involves a minor number of shares (1.909), indicating the error was not material in scale.

Negatives

• An administrative error occurred in the initial filing, necessitating an amendment to correct the reported share count.

Future Outlook

The Restricted Stock Units are scheduled to be settled in stock ten business days after February 1, 2027, unless the reporting person elects a later distribution.

Management Comments

• "These Restricted Stock Units (RSUs) will be settled in stock ten business days after February 1, 2027, unless a qualified election for a later distribution was made by the reporting person."
• "Due to administrative error, the number of share units reported as acquired on February 4, 2026 was overstated by 1.909 shares. This amended Form 4 is being filed to correct the previously reported number."

Industry Context

StockSavvy.ai notes that routine Form 4/A filings for minor administrative corrections are common and generally do not reflect broader industry trends or competitive shifts. They primarily serve to maintain accurate insider transaction records, which is a standard practice across publicly traded companies.

Comparison to Industry Standards

• This filing is a standard amendment to correct an administrative error in an insider transaction report, a common occurrence in corporate governance.
• It does not provide financial results or operational data that would allow for a direct comparison to industry benchmarks or specific comparable companies within the mortgage insurance sector, such as Radian Group Inc. (RDN) or Essent Group Ltd. (ESNT).

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a minor correction to an insider's RSU acquisition, reinforcing the company's commitment to accurate regulatory reporting.

Next Steps

• Settlement of Restricted Stock Units (RSUs) in stock ten business days after February 1, 2027, unless a later distribution election is made by the reporting person.

Key Dates

Keywords

MGIC Investment Corporation, MTG, Form 4/A, SEC filing, insider transaction, beneficial ownership, Restricted Stock Units, RSU, share units, director compensation, Jodee A. Kozlak