Form 4: MGIC Investment Corp Director Sculley Reports Changes in Beneficial Ownership

Director Sheryl L. Sculley reports acquisition of common stock and share units through dividend payments and participation in a deferred compensation plan.

Summary

• On March 5, 2024, Sheryl L. Sculley, a director of MGIC Investment Corp, reported changes in her beneficial ownership of the company's securities.
• Sculley acquired 139.086 shares of common stock through dividend payments related to Restricted Stock Units under the company's 2020 Omnibus Incentive Plan.
• She also acquired 108.846 share units through phantom dividend reinvestment in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.
• Following these transactions, Sculley beneficially owns 24,037.6531 shares of common stock and 18,811.3266 share units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as the transactions reflect standard compensation practices and insider confidence, but do not represent a major shift in ownership or strategy.

Positives

• The acquisition of shares and share units through dividend payments and reinvestment indicates confidence in the company's performance.
• Participation in the deferred compensation plan aligns the director's interests with those of the shareholders.

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 reported transactions provide transparency to shareholders regarding insider activity.
• The director's participation in the deferred compensation plan aligns her interests with those of the shareholders.

Key Dates