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

An amended SEC Form 4 reveals MGIC Investment Corp. director Daniela O'Leary-Gill corrected an administrative error in her previously reported Restricted Stock Unit acquisition.

Summary

• Director Daniela O'Leary-Gill filed an amended Form 4 to correct an administrative error in a previous filing regarding her equity holdings.
• 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 director beneficially owns a total of 6,406.25 shares.
• These RSUs were awarded to the reporting person 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 the reporting person made a qualified election for a later distribution.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The correction of a minor administrative error in an insider transaction filing is a routine compliance matter and does not indicate significant operational or financial changes for the company.

Positives

• The company and director demonstrated transparency by promptly correcting an administrative error in a regulatory filing.

Negatives

• An administrative error led to an overstatement of RSU acquisition in the initial filing, necessitating an amendment.

Future Outlook

The Restricted Stock Units acquired by the director are scheduled to settle in stock ten business days after February 1, 2027, unless an election for a later distribution was made.

Industry Context

StockSavvy.ai notes that Form 4 filings, particularly amendments correcting minor administrative errors, are routine disclosures for insider transactions. This event underscores the ongoing practice of compensating directors with equity awards, a common strategy in the financial services industry to align management's interests with those of shareholders.

Related Party Transactions

• Award of 5,075.188 Restricted Stock Units to Director Daniela O'Leary-Gill under the Issuer's Omnibus Incentive Plan, with no price paid by the reporting person.

Stakeholder Impact

• Shareholders: Minor positive impact from increased transparency due to the error correction; director's interests remain aligned with shareholders through equity ownership.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Settlement of the Restricted Stock Units in stock ten business days after February 1, 2027, unless a qualified election for a later distribution was made.

Key Dates

Keywords

MGIC Investment Corp, MTG, Form 4/A, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, SEC Filing, Corporate Governance