Form 4: MGIC Director Jodee Kozlak Acquires 5,077 RSUs

MGIC Investment Corp. Director Jodee A. Kozlak reported the acquisition of 5,077 Restricted Stock Units as part of an incentive plan.

Summary

• Jodee A. Kozlak, a Director of MGIC Investment Corporation (MTG), acquired 5,077.097 Restricted Stock Units (RSUs).
• The transaction date for this acquisition was February 4, 2026.
• These RSUs were awarded under the Issuer's Omnibus Incentive Plan, and no price was paid by the reporting person for them.
• The RSUs are scheduled to be settled in stock ten business days after February 1, 2027, unless a qualified election for a later distribution is made.
• Following this transaction, Jodee A. Kozlak beneficially owns 39,494.6171 shares of Common Stock directly.
• Additionally, Jodee A. Kozlak beneficially owns 29,367.1778 Share Units directly, which are part of the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.
• These Share Units do not have a specified dollar-denominated exercise or conversion price; their value is based one-for-one on the price of the Issuer's common stock on the New York Stock Exchange.
• Share Units are settled in cash on a specified date, unless a qualified election for later distribution is made, and do not expire on a fixed date.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive, routine event. The acquisition of equity by a director generally signals alignment with shareholder interests, though it is a standard compensation practice rather than a discretionary open-market purchase.

Positives

• The acquisition of Restricted Stock Units by a director aligns their interests with those of shareholders, promoting long-term value creation.
• The grant of equity-based compensation is a standard practice to attract and retain qualified board members.

Future Outlook

The acquired Restricted Stock Units are scheduled to settle in stock ten business days after February 1, 2027, subject to any qualified election for a later distribution by the reporting person. Share Units will be settled in cash on a specified date, also subject to election for later distribution.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine equity grant to a non-employee director, which is a common practice in corporate governance. Such grants are designed to align the interests of board members with those of shareholders by tying a portion of their compensation to the company's long-term performance.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) to non-employee directors is a common practice in corporate governance across various industries, including financial services. This method of compensation aligns director interests with shareholder value by tying a portion of their remuneration to the company's stock performance.
• Many S&P 500 companies, such as JPMorgan Chase & Co. (JPM) or Bank of America Corporation (BAC), utilize similar equity-based compensation plans for their board members to incentivize long-term commitment and performance.

Stakeholder Impact

• Shareholders: Increased alignment of director's financial interests with long-term shareholder value through equity ownership.
• Employees: No direct impact mentioned, but general positive sentiment from stable corporate governance.

Next Steps

• Settlement of the 5,077.097 Restricted Stock Units in stock ten business days after February 1, 2027, unless a qualified election for a later distribution is made.
• Settlement of Share Units in cash on a specified date, unless a qualified election for later distribution is made.

Key Dates

Recommendation

This Form 4 filing reports a routine equity grant to a director as part of their compensation. It does not provide new fundamental information about the company's operations, financial performance, or strategic direction that would warrant a change in investment recommendation. It is a standard disclosure of insider ownership.

Keywords

MGIC Investment Corporation, MTG, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, Equity Award, Form 4