4/A: MGIC Director Amends RSU Filing for Error Correction

MGIC Investment Corp. Director Jay C. Hartzell filed an amended Form 4 to correct an administrative error in previously reported Restricted Stock Units.

Summary

• An amended Form 4 was filed by Jay C. Hartzell, a Director of MGIC Investment Corp. (MTG).
• The amendment corrects an administrative error in the number of share units reported as acquired on February 4, 2026.
• The previously reported number of share units was overstated by 1.909 shares.
• The corrected acquisition of Common Stock (Restricted Stock Units or RSUs) is 5,075.188 units.
• Following this transaction, the reporting person beneficially owns 35,030.0511 shares directly.
• The reporting person also holds 19,526.7936 Share Units under the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. While an administrative error occurred, its correction is a standard compliance procedure and the impact of 1.909 shares is negligible.

Positives

• Restricted Stock Units were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan, indicating ongoing compensation for director service.

Negatives

• An administrative error led to an overstatement of 1.909 share units in the original filing, necessitating this amendment.

Future Outlook

Restricted Stock Units (RSUs) acquired on February 4, 2026, are scheduled to be settled in stock ten business days after February 1, 2027, unless a later distribution election is made. Share Units under the Deferred Compensation Plan are settled in cash on a specified date, unless a qualified election for later distribution is made.

Industry Context

StockSavvy.ai notes that Form 4/A filings are routine for public company insiders to report changes in their beneficial ownership, often correcting minor administrative errors. This specific filing does not indicate broader industry trends or competitive shifts.

Stakeholder Impact

• Shareholders: Minimal impact due to the small number of shares involved in the correction. Ensures accuracy of insider ownership records.

Next Steps

• Settlement of Restricted Stock Units in stock ten business days after February 1, 2027.

Key Dates

Keywords

MGIC Investment Corp, MTG, Form 4/A, SEC filing, Restricted Stock Units, RSU, beneficial ownership, director compensation, amendment, administrative error