Form 4: MGIC Investment Corp Director Timothy Holt Reports Share Acquisitions

Director Timothy Holt of MGIC Investment Corp. reported acquiring shares and share units through dividend reinvestment and participation in a deferred compensation plan.

Summary

• Timothy Holt, a director at MGIC Investment Corp., filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
• On November 21, 2024, Holt acquired 127.746 shares of common stock through dividend payments on restricted stock units.
• He also acquired 486.111 share units through phantom dividend reinvestment in the company's Deferred Compensation Plan for Non-Employee Directors.
• 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.
• No price was paid by Holt for either the shares or the share units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects routine transactions by a company director, indicating a neutral to slightly positive sentiment due to continued investment in the company.

Positives

• The acquisition of shares and share units through dividend reinvestment indicates a continued investment and confidence in the company by a director.
• Participation in the Deferred Compensation Plan aligns the director's interests with the long-term performance of the company.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their transactions and holdings. This filing is typical for directors who receive compensation in the form of stock or stock-based awards.

Comparison to Industry Standards

• Form 4 filings are a common practice across all publicly traded companies in the US, including competitors of MGIC Investment Corp.
• The transactions reported are typical for directors who receive stock-based compensation and participate in deferred compensation plans, similar to practices at companies like Radian Group Inc. and Essent Group Ltd.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they reflect a director's continued investment in the company.
• The transactions have no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, MGIC Investment Corp, Director, Timothy Holt, Share Units, Dividend Reinvestment, Deferred Compensation Plan, Common Stock