Form 4: MGIC Investment Corp Director Jodee A. Kozlak Reports Share Transactions

Director Jodee A. Kozlak of MGIC Investment Corp reports the acquisition of common stock and share units through dividend reinvestment and participation in a deferred compensation plan.

Summary

• Jodee A. Kozlak, a director at MGIC Investment Corp, reported transactions involving the company's common stock and share units.
• On November 21, 2024, Kozlak acquired 79.292 shares of common stock through dividend payments on restricted stock units.
• Additionally, 150.349 share units were acquired through phantom dividend reinvestment and participation in the company's deferred compensation plan.
• No price was paid by the reporting person for the common stock or share units acquired through dividend reinvestment.
• The share units are settled in cash, based on the price of the company's common stock, unless a qualified election for later distribution is made.

Sentiment

Score: 7

Explanation: The document reflects routine insider transactions, which are neither positive nor negative in themselves. The sentiment is neutral to slightly positive due to the director's continued investment in the company.

Positives

• The acquisition of shares and share units through dividend reinvestment indicates a continued investment in the company by a director.
• Participation in the deferred compensation plan shows a long-term commitment to the company.

Industry Context

This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• The reporting of insider transactions is a standard practice for all publicly listed companies in the US, as mandated by the SEC.
• Similar filings are made by directors and officers of comparable companies such as Radian Group Inc. and Essent Group Ltd., whenever they engage in transactions involving their company's securities.
• The details provided in this Form 4 are consistent with the level of information required by the SEC for such filings.

Stakeholder Impact

• The transactions reported are unlikely to have a significant impact on stakeholders.
• The disclosure provides transparency to shareholders regarding insider trading activities.

Key Dates

Keywords

MGIC Investment Corp, Director, Jodee A. Kozlak, Share Units, Common Stock, Dividend Reinvestment, Deferred Compensation Plan, SEC Form 4, Insider Trading