Form 4: MGIC Investment Corp Director Hartzell Reports Acquisition of Shares and Share Units
SEC Form 4 Filing
Director Jay C. Hartzell reports acquiring common stock and share units in MGIC Investment Corp through dividend payments and phantom dividend reinvestment.
Summary
- On May 21, 2025, Jay C. Hartzell, a director of MGIC Investment Corp, reported acquiring 144.063 shares of common stock through dividend payments.
- Hartzell also acquired 93.91 share units through phantom dividend reinvestment under the company's Deferred Compensation Plan for Non-Employee Directors.
- Following these transactions, Hartzell beneficially owns 29,632.5871 shares of common stock and 19,316.7096 share units.
- The share units are settled in cash based on the price of MGIC's common stock, unless a qualified election for later distribution is made.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine transactions related to compensation and dividend reinvestment, indicating continued alignment of the director's interests with the company's performance.
Positives
- The acquisition of shares and share units reflects continued participation in the company's compensation plans.
- Dividend payments and phantom dividend reinvestment provide additional value to the director's holdings.
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 standard disclosures for corporate insiders, providing transparency into their transactions in the company's securities. This filing indicates routine compensation and dividend reinvestment activities.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
- The continued participation in compensation plans aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Date of transaction: Acquisition of common stock and share units. |
| 05/22/2025 | Date of signature by Attorney-in-Fact. |
Keywords
MGIC Investment Corp, Director, Hartzell, Share Units, Common Stock, Dividend, Deferred Compensation Plan, Beneficial Ownership, Form 4
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