Form 4: MGIC Investment Corp Director Allen Acquires Shares and Share Units

Director Analisa M. Allen reports acquisition of common stock and share units in MGIC Investment Corp through dividend payments and phantom dividend reinvestment.

Summary

• On May 21, 2024, Analisa M. Allen, a director of MGIC Investment Corp, acquired 133.802 shares of common stock due to dividends paid on Restricted Stock Units.
• Allen also acquired 24.112 share units through phantom dividend reinvestment in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.
• Following these transactions, Allen beneficially owns 24,171.4551 shares of common stock and 4,355.8579 share units.
• The share units are settled in cash on a specified date, unless a qualified election for later distribution is made.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

Positives

• The director's increased stake in the company could be seen as a positive signal.

Future Outlook

The share units are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in beneficial ownership by a director of MGIC Investment Corp, a company in the mortgage insurance industry.

Stakeholder Impact

• The increased stake of a director may have a slightly positive impact on shareholder confidence.

Key Dates