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

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

Summary

• On May 21, 2024, Timothy Holt, a director of MGIC Investment Corporation, reported acquiring 133.802 shares of common stock due to dividends paid on restricted stock units.
• Holt also acquired 509.154 share units through phantom dividend reinvestment in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors.
• Following these transactions, Holt beneficially owns 44,171.4551 shares of common stock and 91,979.4371 share units.
• The 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 director compensation and reinvestment, indicating confidence in the company.

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

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.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they reflect insider confidence in the company's performance.

Key Dates