Form 4: MGIC Director Culver Acquires Shares via RSU Dividends

MGIC Investment Corp. Director Curt S. Culver acquired 26.83 shares of common stock on November 20, 2025, through dividends paid on Restricted Stock Units.

Summary

• Curt S. Culver, a Director of MGIC Investment Corp., reported an acquisition of common stock.
• The transaction occurred on November 20, 2025.
• 26.83 shares of common stock were acquired.
• The acquisition was due to dividends paid on Restricted Stock Units (RSUs) awarded under the Issuer's 2020 Omnibus Incentive Plan, with no price paid by the reporting person.
• Following this transaction, Curt S. Culver directly beneficially owns 16,506.9634 shares of common stock.
• Additionally, 323,576 shares are indirectly beneficially owned by a Family Trust.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates an increase in a director's beneficial ownership, albeit through a non-cash dividend mechanism, which generally aligns interests with shareholders.

Positives

• Director's beneficial ownership increased, which generally aligns management interests with shareholder value.
• The acquisition through RSU dividends indicates ongoing participation in the company's incentive plan.

Negatives

• The acquisition was not a direct cash purchase, so it does not represent new capital commitment from the director.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Acquisition of 26.83 shares of common stock by Director Curt S. Culver through dividends paid on Restricted Stock Units awarded under the Issuer's 2020 Omnibus Incentive Plan.

Stakeholder Impact

• Shareholders: The increase in director's beneficial ownership, even through RSU dividends, generally aligns management interests with shareholder value.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of a small number of shares by a director through RSU dividends, which is a standard compensation mechanism. It does not provide sufficient information to alter an investment thesis or warrant a strong buy or sell recommendation. The increased beneficial ownership, while minor, generally aligns director interests with shareholders, supporting a 'hold' stance if already invested.

Keywords

MGIC Investment Corp, MTG, Form 4, Insider Transaction, Director, Stock Acquisition, Restricted Stock Units, RSU Dividends, Beneficial Ownership