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

Director Timothy Holt reported the acquisition of common stock and share units through dividend payments and phantom dividend reinvestment.

Summary

• On March 5, 2025, Timothy Holt, a director of MGIC Investment Corporation, acquired 161.412 shares of common stock due to dividends paid on restricted stock units.
• Holt also acquired 511.631 share units through phantom dividend reinvestment in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.
• Following these transactions, Holt beneficially owns 49,488.5241 shares of common stock and 93,471.0791 share units.
• The share units are settled in cash based on the price of MGIC's common stock, unless a qualified election for later distribution is made.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment as it reports routine insider transactions. The acquisitions could be interpreted as a positive sign of confidence, but it's not explicitly stated.

Positives

• The acquisition of shares and share units by a director could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their investment decisions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• The MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors is a common benefit structure, similar to those offered by comparable companies to attract and retain board members.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, primarily providing transparency to shareholders regarding insider activity.

Key Dates