Form 4: MGIC Investment Corp Director Sculley Reports Acquisition and Disposal of Common Stock and Share Units

Director Sheryl L. Sculley reports changes in beneficial ownership of MGIC Investment Corp stock and share units, including acquisitions through dividend payments and phantom dividend reinvestment.

Summary

• Sheryl L. Sculley, a director of MGIC Investment Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
• On May 21, 2025, Sculley acquired 112.379 shares of common stock through dividend payments on restricted stock units, at no cost to her.
• On the same date, she disposed of 29,565.4101 shares of common stock.
• Additionally, Sculley acquired 93.91 share units through phantom dividend reinvestment, also at no cost.
• Following these transactions, Sculley directly owns 19,316.7096 share units.
• These 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: 5

Explanation: The sentiment is neutral as the filing primarily reports transactions without providing explicit positive or negative signals. The disposal of shares is balanced by the acquisition of shares and share units.

Positives

• The acquisition of shares through dividend payments and share units through phantom dividend reinvestment indicates a continued investment in the company by the director.

Negatives

• The disposal of 29,565.4101 shares of common stock could be interpreted negatively, although the reason for disposal is not specified.

Risks

• The Form 4 filing itself doesn't inherently indicate risks, but the disposal of a significant number of shares could raise questions if the reasons are not transparent.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The transactions themselves may or may not be indicative of broader industry trends.

Stakeholder Impact

• Shareholders may be interested in the transactions of company directors as an indicator of management's confidence in the company.

Key Dates

Keywords

Form 4, beneficial ownership, MGIC Investment Corp, Sheryl L. Sculley, common stock, share units, dividend reinvestment, deferred compensation