Form 4: MGIC Director Sculley Acquires Shares, Share Units

MGIC Investment Corporation Director Sheryl L. Sculley reported the acquisition of common stock and share units as part of her compensation.

Summary

• Director Sheryl L. Sculley acquired 0.036 shares of MGIC Investment Corporation common stock on February 13, 2026.
• Sculley also acquired 19,526.7936 Share Units under the company's Deferred Compensation Plan for Non-Employee Directors on the same date.
• The fractional common shares were rounded up in connection with the settlement of director shares.
• No price was paid by the reporting person for the acquired RSU equivalent units.
• The Share Units do not have a specified dollar-denominated exercise or conversion price; their value is based one-for-one on the price of MGIC's common stock on the New York Stock Exchange.
• These Share Units are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.
• Following these transactions, Sculley directly owns 34,892.0311 shares of common stock and 19,526.7936 Share Units.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting routine director compensation and alignment of interests, without indicating any significant operational or strategic changes.

Positives

• Director Sculley's increased beneficial ownership, even if small for common stock, aligns her interests with shareholders.
• The acquisition of Share Units through the Deferred Compensation Plan indicates ongoing participation in the company's long-term incentive structure for non-employee directors.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it reports a past transaction.

Industry Context

StockSavvy.ai notes that routine Form 4 filings, like this one, are common for directors and executives as part of their compensation packages, often involving equity awards or deferred compensation plans. This transaction reflects standard corporate governance practices for aligning director interests with shareholder value.

Comparison to Industry Standards

• This transaction is consistent with common industry practices for director compensation, where equity-based awards and deferred compensation plans are utilized.
• For example, many financial services companies, such as Radian Group Inc. or Essent Group Ltd., also use similar equity compensation structures for their non-employee directors to foster long-term alignment.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through equity ownership.
• Employees: No direct impact mentioned.

Key Dates

Recommendation

This Form 4 filing reports a routine compensation-related transaction for a non-employee director, involving the acquisition of a small number of common shares and a larger number of share units. Such transactions are standard practice for aligning director interests with shareholders and do not typically signal a change in the company's fundamental outlook or operational performance. Therefore, it does not provide new information that would warrant a change from a 'hold' recommendation based solely on this filing.

Keywords

MGIC Investment Corporation, MTG, Form 4, Insider Trading, Director Compensation, Share Units, Common Stock, Beneficial Ownership, Sheryl L. Sculley