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

Director Sheryl L. Sculley reports acquisition of common stock and share units in MGIC Investment Corp through restricted stock units (RSUs) and participation in a deferred compensation plan.

Summary

• On February 14, 2025, Sheryl L. Sculley, a director of MGIC Investment Corp, reported acquiring common stock and share units.
• The transactions involved the acquisition of common stock through the award of Restricted Stock Units (RSUs) under the Issuer's 2020 Omnibus Incentive Plan.
• Sculley also participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors, acquiring share units corresponding to shares of common stock.
• Following the reported transactions, Sculley beneficially owns 29,327.1191 shares of common stock directly.
• She also holds 19,117.5806 share units through the deferred compensation plan, which are settled in cash unless a qualified election for later distribution is made.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally a good sign, but the document is primarily a regulatory filing.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The document does not contain specific forward-looking statements, but the ongoing participation in the deferred compensation plan suggests a continued alignment of the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The acquisition of shares by a director is generally viewed positively by the market.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Share Units, Common Stock, MGIC Investment Corp, RSUs, Deferred Compensation