Form 4: MGIC Investment Corp Executive Acquires Shares Through Restricted Stock Units

Paula C. Maggio, EVP and General Counsel of MGIC Investment Corp, acquired 16,457.68 shares of common stock through restricted stock units at a price of $25.52 per share.

Summary

• On February 5, 2025, Paula C. Maggio, EVP and General Counsel of MGIC Investment Corp, acquired 16,457.68 shares of common stock.
• The acquisition was through restricted stock units (RSUs) at a price of $25.52 per share.
• These RSUs will vest in equal installments on February 28, 2026, 2027, and 2028, contingent upon continued employment with the issuer.
• Following the transaction, Maggio directly owns 213,775.68 shares of MGIC Investment Corp.
• The RSUs were awarded under the Issuer's 2020 Omnibus Incentive Plan, and no price was paid by Maggio for them.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard executive compensation practice with no explicit positive or negative implications.

Positives

• The acquisition of shares by a high-ranking executive may signal confidence in the company's future performance.

Future Outlook

The vesting of the RSUs is contingent upon the reporting person's continued employment with the issuer.

Industry Context

Executive stock ownership is a common practice in the financial services industry to align management's interests with those of shareholders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence.

Key Dates