Form 4: MGIC Investment Corp Director Hartzell Acquires Shares and RSUs
SEC Form 4 Filing
Director Jay C. Hartzell reports acquisition of common stock and Restricted Stock Units (RSUs) in MGIC Investment Corp.
Summary
- On February 5, 2025, Jay C. Hartzell, a director of MGIC Investment Corp, acquired 4,898.119 shares of common stock at a price of $25.52 per share.
- Hartzell also acquired Restricted Stock Units (RSUs) that will be settled in stock ten business days after February 1, 2026, unless a qualified election for a later distribution is made.
- Following the transaction, Hartzell directly owns 29,327.1121 shares of common stock.
- Hartzell also participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors, holding 19,117.5806 Share Units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard SEC filing detailing a transaction. The director's purchase could be seen as slightly positive, but it's not a major event.
Positives
- The director's acquisition of shares and RSUs could be seen as a positive signal, indicating confidence in the company's future performance.
Future Outlook
The RSUs will be settled in stock ten business days after February 1, 2026, unless a qualified election for a later distribution is made by the reporting person. 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
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of transaction: Acquisition of common stock and RSUs. |
| 02/06/2025 | Date of signature by Attorney-in-Fact. |
| 02/01/2026 | RSUs will be settled in stock ten business days after this date, unless a qualified election for a later distribution is made. |
Keywords
MGIC Investment Corp, Director, Hartzell, Share Units, RSUs, Common Stock, Acquisition, Ownership, Deferred Compensation Plan
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