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

MGIC Investment Corp. Director Teresita M. Lowman filed an amended Form 4 to correct an administrative error in a previously reported RSU acquisition.

Summary

• An amended Form 4 was filed by Teresita M. Lowman, a Director of MGIC Investment Corp. (MTG).
• The amendment corrects an administrative error in a previously reported acquisition of Restricted Stock Units (RSUs) on February 4, 2026.
• The number of share units reported as acquired in the original filing was overstated by 1.909 shares.
• The corrected number of RSUs acquired on February 4, 2026, is 5,075.188.
• Following this corrected transaction, the reporting person beneficially owns a total of 33,959.6099 shares directly.
• These RSUs were awarded pursuant to the Issuer's Omnibus Incentive Plan, and no price was paid by the reporting person for them.
• The 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.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. While an error occurred, the prompt correction demonstrates good governance and transparency, mitigating any negative sentiment from the initial mistake.

Positives

• The company demonstrated transparency and adherence to regulatory requirements by promptly correcting an administrative error in an insider transaction filing.
• The director's beneficial ownership of 33,959.6099 shares aligns her interests with those of other shareholders.

Negatives

• An administrative error occurred in the initial Form 4 filing, necessitating an amendment.

Future Outlook

The Restricted Stock Units acquired will be settled in stock ten business days after February 1, 2027, unless the reporting person made a qualified election for a later distribution.

Management Comments

• "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."
• "These RSUs were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan and no price was paid by the reporting person for them."

Industry Context

StockSavvy.ai notes that routine amendments to correct minor administrative errors in insider transaction filings are common across industries and generally do not indicate significant underlying operational or financial issues. Such corrections demonstrate adherence to regulatory disclosure requirements.

Comparison to Industry Standards

• This filing is a standard regulatory correction for an insider transaction. It does not contain financial results or operational metrics that can be directly compared against industry benchmarks or competitors such as Radian Group (RDN) or Essent Group (ESNT). The correction of a minor share count error is a procedural matter consistent with good corporate governance practices.

Corporate Governance

Stakeholder Impact

• Shareholders: The correction ensures accurate reporting of director ownership, which is positive for transparency and investor confidence in regulatory compliance.

Next Steps

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

Key Dates

Recommendation

This filing is a routine amendment to correct a minor administrative error in an insider transaction. It does not contain any new material information regarding the company's financial performance, strategic direction, or operational outlook that would warrant a change in investment recommendation. The correction itself is a neutral event, reflecting standard regulatory compliance.

Keywords

MGIC Investment Corp, MTG, Form 4/A, Restricted Stock Units, RSU, Beneficial Ownership, Director, SEC Filing, Corporate Governance