Form 4: MGIC Investment Corp Director Mark Zandi Acquires Shares and RSUs

Director Mark Zandi acquired shares and Restricted Stock Units (RSUs) of MGIC Investment Corp on February 5, 2025.

Summary

• On February 5, 2025, Mark Zandi, a director of MGIC Investment Corp, acquired 4,898.119 shares of common stock at a price of $25.52 per share.
• Zandi also received 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.
• These RSUs were awarded under the Issuer's 2020 Omnibus Incentive Plan and no price was paid for them.
• Zandi also participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors, acquiring Share Units corresponding to shares of Common Stock.
• Following the reported transactions, Zandi beneficially owns 28,709.1114 shares of common stock and 47,100.3893 Share Units.
• The Share Units are settled in cash on a specified date, unless a qualified election for later distribution is made.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The director's purchase could be seen as a slightly positive signal, but it's not a major event.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

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.

Industry Context

Form 4 filings are routine disclosures of insider transactions and provide transparency to the market regarding the actions of company insiders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Form 4, Director, Share Units, Restricted Stock Units, MGIC Investment Corp, MTG, Mark Zandi, Beneficial Ownership