Form 4: MGIC Director Sculley Boosts Holdings via Dividend Reinvestment

MGIC Investment Corp. Director Sheryl L. Sculley increased her beneficial ownership of common stock and share units through dividend reinvestment plans.

Summary

• Sheryl L. Sculley, a Director of MGIC Investment Corp. (MTG), acquired 125.313 shares of common stock on November 20, 2025.
• These common stock shares were acquired as dividends paid on Restricted Stock Units under the Issuer's Omnibus Incentive Plan, with no price paid by the reporting person.
• Following this transaction, Ms. Sculley directly beneficially owns 29,816.8071 shares of common stock.
• Ms. Sculley also acquired 104.72 Share Units on November 20, 2025, through phantom dividend reinvestment, for which no price was paid.
• These Share Units correspond to shares of the Issuer's Common Stock and are valued on a one-for-one basis with the common stock price on the New York Stock Exchange.
• The Share Units are settled in cash on a specified date, unless a qualified election for later distribution is made.
• Following this transaction, Ms. Sculley directly beneficially owns 19,526.7936 Share Units.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director's increased beneficial ownership, even through passive means like dividend reinvestment, generally indicates confidence in the company.

Positives

• A director increasing beneficial ownership, even through dividend reinvestment, signals continued confidence in the company's long-term prospects and aligns management interests with shareholders.
• The acquisition of additional common stock and share units demonstrates ongoing participation in the company's equity plans.

Future Outlook

This filing does not contain specific forward-looking statements or guidance regarding the company's future performance.

Industry Context

This insider transaction is a routine disclosure of a director's beneficial ownership changes, primarily through dividend reinvestment, and does not provide broader industry context or trends for the mortgage insurance sector.

Related Party Transactions

• Sheryl L. Sculley, a director of MGIC Investment Corp., acquired common stock and share units through company-sponsored plans (Omnibus Incentive Plan and Deferred Compensation Plan for Non-Employee Directors), which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The increased beneficial ownership by a director may be viewed positively, signaling alignment of interests and confidence in the company's future.
• Employees: No direct impact mentioned.

Key Dates

Keywords

MGIC Investment Corp, MTG, Sheryl L. Sculley, Director, Insider Transaction, Form 4, Beneficial Ownership, Common Stock, Share Units, Dividend Reinvestment, Restricted Stock Units