Form 4: MGIC Investment Corp Director Daniel A. Arrigoni Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Daniel A. Arrigoni reports acquiring common stock in MGIC Investment Corp through dividend payments on restricted stock units and indirectly through a family trust.
Summary
- On March 5, 2025, Daniel A. Arrigoni, a director of MGIC Investment Corp, acquired 26.959 shares of common stock due to dividends paid on Restricted Stock Units under the company's 2020 Omnibus Incentive Plan.
- Arrigoni also indirectly owns 30,000 shares of common stock through a family trust.
- Following the reported transaction, Arrigoni directly owns 28,736.0774 shares of common stock.
- The transaction was reported by Leslie A. Schunk, Attorney-in-Fact, on March 6, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard regulatory filing reporting insider transactions.
Positives
- The acquisition of shares through dividend payments on restricted stock units suggests a continued investment in the company by a director.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of transaction: Acquisition of common stock and dividend payment. |
| 03/06/2025 | Date of report filing. |
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