Form 4: MGIC Investment Corp Director Mark Zandi Reports Acquisition of Common Stock and Share Units

Director Mark Zandi reported acquiring common stock and share units of MGIC Investment Corporation through dividend payments and phantom dividend reinvestment.

Summary

• Mark Zandi, a director of MGIC Investment Corporation, reported changes in beneficial ownership.
• On March 5, 2025, Zandi acquired 26.959 shares of common stock through dividend payments on restricted stock units.
• Zandi also acquired 259.231 share units through phantom dividend reinvestment in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.
• Following these transactions, Zandi beneficially owns 28,736.0774 shares of common stock and 47,359.6203 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 document reflects standard insider transactions, suggesting stability and adherence to regulatory requirements. The acquisitions through dividend reinvestment and compensation plans are generally viewed positively.

Positives

• The acquisition of shares and share units reflects continued participation in the company's compensation plans.
• Dividend payments and reinvestments can be seen as a positive sign of company performance and shareholder value.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Comparing Zandi's holdings and transactions to those of other directors in similar mortgage insurance companies (e.g., Radian Group, Essent Group) could provide context on executive compensation and ownership trends.
• Analyzing the prevalence of deferred compensation plans and share unit programs across the financial services sector can benchmark MGIC's approach to executive remuneration.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding insider ownership.
• The continued participation of a director in compensation plans may signal confidence in the company's future performance.

Key Dates