Form 4: MGIC Investment Corp Director C Edward Chaplin Reports Acquisition of Shares and Share Units

Director C Edward Chaplin reported acquiring common stock and share units through dividend payments and phantom dividend reinvestment in MGIC Investment Corp.

Summary

• C Edward Chaplin, a director of MGIC Investment Corp, filed a Form 4 detailing changes in beneficial ownership.
• On March 5, 2024, Chaplin acquired 89.479 shares of common stock through dividend payments on restricted stock units.
• Chaplin also acquired 276.128 share units through phantom dividend reinvestment.
• Following these transactions, Chaplin beneficially owns 33,760.1794 shares of common stock and 47,722.2041 share units.
• The share units are part of the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors and are settled in cash unless a qualified election for later distribution is made.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions reflect standard compensation practices and insider confidence, but do not represent a major strategic shift.

Positives

• The acquisition of shares and share units through dividend reinvestment indicates Chaplin's continued investment in the company.

Future Outlook

The document does not contain specific forward-looking statements, but the director's continued investment suggests confidence in the company's future.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency regarding their investment activities. This filing indicates a director's ongoing participation in the company's compensation plans.

Related Party Transactions

• The transactions relate to the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors, which is a related party transaction.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to director compensation and dividend reinvestment.

Key Dates