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.

Summary

• Mark Zandi, a director of MGIC Investment Corporation, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of common stock and share units.
• The common stock acquisition of 24.061 shares was due to dividends paid on Restricted Stock Units under the Issuer's Omnibus Incentive Plan.
• Additionally, 231.369 share units were acquired through phantom dividend reinvestment within the Deferred Compensation Plan for Non-Employee Directors.
• Following these transactions, Zandi beneficially owns 28,760.1384 shares of common stock and 47,590.9893 share units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the transactions reflect standard compensation practices and continued investment by a director in the company.

Positives

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading and provide investors with insights into the actions of company insiders.

Stakeholder Impact

• The report provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, beneficial ownership, share units, common stock, dividend reinvestment, MGIC Investment Corporation, Zandi, director, MTG