Form 4: MGIC Director Chaplin Boosts Holdings via Dividends

MGIC Investment Corp. Director C. Edward Chaplin increased his beneficial ownership of common stock and share units through dividend reinvestment.

Summary

• Director C. Edward Chaplin acquired 112.917 shares of MGIC Investment Corp. Common Stock on November 20, 2025.
• These shares were acquired as dividends paid on Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan, with no price paid by the reporting person.
• Chaplin's direct beneficial ownership of Common Stock following this transaction is 39,351.3064 shares.
• Additionally, Chaplin acquired 265.662 Share Units on November 20, 2025, through phantom dividend reinvestment, also with no price paid.
• These Share Units are part of the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors and correspond to shares of Common Stock, with their value based on the NYSE price.
• The Share Units are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.
• Chaplin's direct beneficial ownership of Share Units following this transaction is 49,537.2661 units.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive due to increased insider ownership, even if routine. It reflects the director's continued participation in the company's equity and dividend programs.

Positives

• Increased insider ownership, albeit through routine dividend reinvestment, can signal confidence in the company's long-term prospects.
• The company's dividend policy allows for reinvestment, indicating a stable financial position to distribute earnings.

Future Outlook

N/A. This filing is a disclosure of past transactions and does not contain forward-looking statements or guidance.

Industry Context

This Form 4 filing details a routine insider transaction for a director of MGIC Investment Corporation, a private mortgage insurance company. Such transactions, particularly those related to dividend reinvestment, are common across industries and reflect standard compensation and benefit plans for executives and directors.

Stakeholder Impact

• Shareholders: Increased insider ownership, even if minor and routine, can be seen as a positive signal of management alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 filing reports routine dividend reinvestment by a director, which is not typically a significant catalyst for stock price movement. While it shows continued insider participation, it doesn't provide new fundamental information to warrant a change in investment recommendation. The company's overall financial health and market position would be the primary drivers for a 'hold' recommendation, assuming no other significant news.

Keywords

MGIC Investment Corp, MTG, Form 4, Insider Transaction, C. Edward Chaplin, Director, Common Stock, Share Units, Dividend Reinvestment, Restricted Stock Units, Deferred Compensation Plan