Form 4: MGIC Investment Corp Director Jodee A Kozlak Reports Acquisition of Common Stock and Share Units

Director Jodee A Kozlak reports acquisition of common stock and share units in MGIC Investment Corp through restricted stock units (RSUs) and participation in a deferred compensation plan.

Summary

• On February 14, 2025, Jodee A Kozlak, a director of MGIC Investment Corp, reported acquiring common stock through the vesting of Restricted Stock Units (RSUs) and share units through participation in the Deferred Compensation Plan for Non-Employee Directors.
• Kozlak acquired 0.007 shares of common stock due to fractional shares being rounded up during RSU settlement.
• Additionally, Kozlak was awarded RSUs with an underlying value of 28,751.7438 shares of common stock under the company's 2020 Omnibus Incentive Plan.
• Kozlak also participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors, acquiring share units corresponding to 28,751.7438 shares of common stock.
• Following these transactions, Kozlak directly owns 34,126.1711 shares of MGIC Investment Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The filing indicates insider confidence through stock ownership, but it's a routine transaction.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.
• The award of RSUs under the 2020 Omnibus Incentive Plan aligns the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's valuation and future performance.

Stakeholder Impact

• The transactions reported may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates