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

MGIC Investment Corp director C. Edward Chaplin filed an amended Form 4 to correct an administrative error in previously reported Restricted Stock Units.

Summary

• C. Edward Chaplin, a Director at MGIC Investment Corp (MTG), filed an amended Form 4 to correct an administrative error in a previous filing.
• The amendment addresses an overstatement of 1.909 Restricted Stock Units (RSUs) acquired on February 4, 2026.
• The corrected number of RSUs acquired on February 4, 2026, is 5,075.188.
• These RSUs were awarded under the Issuer's Omnibus Incentive Plan, with no price paid by the reporting person.
• The RSUs are scheduled to be settled in stock ten business days after February 1, 2027, unless a qualified election for a later distribution was made.
• Following the reported transaction, the director beneficially owns 44,426.4944 shares of Common Stock directly.
• The director also holds 49,537.2661 Share Units directly, which are derivative securities under the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.
• These Share Units do not have a specified exercise price; their value is based one-for-one on the price of the Issuer's common stock and are settled in cash on a specified date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is an administrative correction to a previously reported transaction and does not indicate any material change in the company's operational or financial performance.

Positives

• The company and director demonstrated transparency and compliance by promptly filing an amendment to correct a minor administrative error in the reported share units.

Negatives

• An administrative error led to an initial overstatement of 1.909 RSU shares, requiring an amendment to the original filing.

Risks

• No specific operational or financial risks were mentioned in this administrative filing; the only 'risk' noted was the initial administrative error in reporting.

Future Outlook

The Restricted Stock Units (RSUs) are scheduled to be settled in stock ten business days after February 1, 2027, unless the reporting person elects a later distribution. Share Units are settled in cash on a specified date, with their value tied to the common stock price.

Management Comments

• The filing was signed by Leslie A. Schunk, Attorney-in-Fact for C. Edward Chaplin.

Industry Context

StockSavvy.ai notes that this filing is a routine amendment to an insider transaction report, common in the financial industry for ensuring accurate disclosure of director and officer shareholdings. It does not reflect broader industry trends or competitive dynamics but rather internal compliance processes.

Comparison to Industry Standards

• This filing is an administrative correction to an insider transaction report, which is a standard compliance activity across all publicly traded companies. It does not involve financial performance metrics that would allow for direct comparison to industry benchmarks or specific competitor results.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a minor administrative correction to a director's shareholding report and does not affect the company's fundamentals or strategic direction.

Next Steps

• Settlement of the Restricted Stock Units (RSUs) in stock ten business days after February 1, 2027, unless a qualified election for a later distribution is made.
• Settlement of Share Units in cash on a specified date, based on the Issuer's common stock price.

Key Dates

Keywords

MGIC Investment Corp, MTG, Form 4/A, Restricted Stock Units, RSU, Director, Insider Trading, Share Units, Deferred Compensation Plan, Shareholding, Amendment