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

Director Mark Zandi reports acquiring common stock and share units through dividend payments and phantom dividend reinvestment.

Summary

• On August 22, 2024, Mark Zandi, a director of MGIC Investment Corporation, reported acquiring 34.269 shares of common stock due to dividends paid on restricted stock units.
• Zandi also acquired 250.247 share units through phantom dividend reinvestment in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.
• Following these transactions, Zandi beneficially owns 23,777.2634 shares of common stock directly and 46,854.0883 share units indirectly.
• 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 sentiment is neutral to slightly positive as it reflects routine transactions related to compensation and dividend reinvestment, indicating continued participation by a director in the company's plans.

Positives

• The acquisition of shares and share units reflects continued participation in the company's compensation plans.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, primarily providing transparency to shareholders regarding insider activity.

Key Dates