Form 4: MGIC Investment Corp Director Hartzell Reports Changes in Beneficial Ownership

Director Jay C. Hartzell reports acquisition of common stock and share units through dividend and phantom dividend reinvestment in MGIC Investment Corp.

Summary

• On March 5, 2024, Jay C. Hartzell, a director of MGIC Investment Corp, reported changes in beneficial ownership.
• Hartzell acquired 139.086 shares of common stock through dividend payments on restricted stock units.
• Hartzell also acquired 108.846 share units through phantom dividend reinvestment in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.
• Following these transactions, Hartzell beneficially owns 24,037.6531 shares of common stock and 18,811.3266 share units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock and share unit acquisitions through dividend reinvestment, indicating a director's continued investment in the company.

Positives

• The acquisition of shares and share units through dividend reinvestment indicates a continued investment and confidence in the company by a director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers, which can be indicative of their confidence in the company's prospects.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the transactions of company insiders.

Key Dates