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

Director Sheryl L. Sculley reports acquisition of common stock and share units through dividend payments and phantom dividend reinvestment.

Summary

• Sheryl L. Sculley, a director of MGIC Investment Corp, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 133.802 shares of common stock due to dividends paid on restricted stock units.
• Additionally, 104.709 share units were acquired through phantom dividend reinvestment in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.
• The reporting person now beneficially owns 24,171.4551 shares of common stock and 18,916.0356 share units.
• These share units are settled in cash on a specified date, unless a qualified election for later distribution is made.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects routine transactions related to compensation and dividend reinvestment, indicating confidence by the director in the company's stock.

Positives

• The acquisition of shares and share units through dividend payments and reinvestment indicates confidence in the company's performance.

Future Outlook

The share units are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholders by demonstrating the director's continued investment in the company.

Key Dates