4/A: MGIC Director Amends RSU Grant for Administrative Error

MGIC Investment Corp director Mark Zandi filed an amended Form 4 to correct an administrative error in a previously reported Restricted Stock Unit grant.

Summary

• Mark Zandi, a Director of MGIC Investment Corp (MTG), filed an amended Form 4 to correct an administrative error in a previously reported transaction.
• The amendment clarifies that the number of Restricted Stock Units (RSUs) reported as acquired on February 4, 2026, was overstated by 1.909 shares.
• The original transaction on February 4, 2026, involved the acquisition of 5,075.188 RSUs.
• Following the reported transaction, the director beneficially owns 33,889.1514 shares of Common Stock.
• The RSUs were awarded pursuant to the Issuer's Omnibus Incentive Plan, with no price paid by the reporting person.
• These 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.
• The director also participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors, holding 48,108.5753 Share Units, which are settled in cash on a specified date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine compliance correction rather than a material operational or financial update for MGIC Investment Corp.

Positives

• NA

Negatives

• NA

Risks

• No specific risks are mentioned in this compliance filing.

Future Outlook

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 held under the Deferred Compensation Plan are settled in cash on a specified date, subject to election for later distribution.

Management Comments

• The reporting person filed this amended Form 4 to correct an administrative error, stating that the number of share units reported as acquired on February 4, 2026, was overstated by 1.909 shares.

Industry Context

StockSavvy.ai notes this is a routine compliance filing for insider transactions, common across all publicly traded companies, and does not reflect specific industry trends or operational performance within the mortgage insurance sector.

Comparison to Industry Standards

• NA

Related Party Transactions

• The Restricted Stock Units (RSUs) were awarded to the reporting person, a director, pursuant to the Issuer's Omnibus Incentive Plan, representing a form of director compensation.

Stakeholder Impact

• Shareholders receive updated and corrected information regarding a director's beneficial ownership, ensuring accuracy in insider transaction disclosures.

Next Steps

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

Key Dates

Recommendation

This filing is an administrative correction to a director's RSU grant and does not provide new material information that would alter the investment thesis for MGIC Investment Corp. Therefore, a 'hold' recommendation is appropriate as existing positions are not impacted by this routine update.

Keywords

MGIC Investment Corp, MTG, Form 4/A, SEC filing, insider transaction, director compensation, Restricted Stock Units, RSU, beneficial ownership, stock units, deferred compensation