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 through dividend payments and phantom dividend reinvestment in MGIC Investment Corp.

Summary

• Mark Zandi, a director of MGIC Investment Corp, filed a Form 4 detailing changes in beneficial ownership.
• On March 5, 2024, Zandi acquired 36.723 shares of common stock at a price of $36.723 per share due to dividends paid on Restricted Stock Units.
• Zandi also acquired 268.164 share units through phantom dividend reinvestment.
• Following these transactions, Zandi beneficially owns 23,707.6664 shares of common stock and 46,345.8663 share units.
• The share units are part of the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors and are settled in cash unless a qualified election for later distribution is made.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to compensation and dividend reinvestment. It doesn't indicate any significant positive or negative developments.

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.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Key Dates