Form 4: MGIC Director Zandi Acquires Shares Under 10b5-1 Plan

MGIC Investment Corp. Director Mark Zandi reported an acquisition of common stock and holds significant share units.

Summary

• Director Mark Zandi acquired 0.036 shares of MGIC Investment Corp. common stock on February 13, 2026.
• The acquisition was part of the settlement of director shares, with fractional shares rounded up.
• Zandi now directly beneficially owns 33,889.1874 shares of common stock.
• Zandi also holds 48,108.5753 Share Units under the company's Deferred Compensation Plan for Non-Employee Directors.
• These Share Units are valued one-for-one with the common stock price and are settled in cash on a specified date, or later if elected.
• The transaction was made pursuant to a Rule 10b5-1 plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a mildly positive signal due to a director increasing their stake, albeit a very small amount, and the routine nature of the transaction under a 10b5-1 plan.

Positives

• An insider (Director Mark Zandi) increased their direct beneficial ownership of common stock, which can signal confidence in the company's future.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned, non-discretionary transaction.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, even small ones like this fractional share acquisition, are routinely disclosed to ensure transparency in the market. For financial services companies like MGIC, director holdings are a standard part of corporate governance disclosures.

Stakeholder Impact

• Shareholders: Increased transparency regarding director holdings and a minor positive signal from insider acquisition.

Key Dates

Recommendation

The filing details a routine, pre-planned acquisition of a very small number of shares by a director. While insider buying can be a positive signal, the minimal quantity and the nature of the transaction (settlement of director shares) do not provide sufficient new information to warrant a change in investment thesis. It reinforces a 'hold' position for existing investors, as it doesn't present new significant upside or downside.

Keywords

MGIC Investment Corp, MTG, Mark Zandi, Insider Trading, Form 4, Director Stock Acquisition, Share Units, Deferred Compensation, Rule 10b5-1