Form 4: MGIC Investment Corp Director Michael Thompson Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Michael Thompson reports acquisition of common stock through dividend payments on restricted stock units.
Summary
- Michael Leal Thompson, a director of MGIC Investment Corporation, reported a transaction on May 21, 2024.
- Thompson acquired 35.328 shares of common stock due to dividends paid on restricted stock units under the company's 2020 Omnibus Incentive Plan.
- The reporting person paid no price for the shares.
- Following the transaction, Thompson beneficially owns 8,354.995 shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of shares by a director can be seen as a positive sign, but it's a small amount related to dividend payments.
Positives
- The acquisition of shares through dividend payments on restricted stock units suggests a continued investment in the company by a director.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it reflects a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: Acquisition of common stock. |
| 05/22/2024 | Date of signature by Attorney-in-Fact. |
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