Form 4: MGIC Investment Corp Executive Salvatore A. Miosi Reports Acquisition of Common Stock

Salvatore A. Miosi, President & COO of MGIC Investment Corp, reports the acquisition of 266,496 shares of common stock and adjustments to holdings in a family trust.

Summary

• Salvatore A. Miosi, President & COO of MGIC Investment Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 26, 2025, Miosi acquired 266,496 shares of MGIC common stock.
• These shares are related to a restricted stock unit (RSU) award granted on February 4, 2022, which vests based on performance and continued employment.
• The performance criteria for these shares have been approved by the Issuer's Board committee.
• The shares will be issued on February 28, 2025, contingent upon continued employment.
• Miosi also reported holding 384,844 shares indirectly through a family trust.
• Following the reported transactions, Miosi directly owns 464,778.361 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive, especially through vesting of performance-based RSUs, is generally viewed favorably as it aligns management's interests with shareholders.

Positives

• The vesting of the restricted stock units indicates that performance targets related to adjusted book value per share have been met, as approved by the Issuer's Board committee.

Future Outlook

The shares will be issued to the Reporting Person on February 28, 2025, provided continued employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's acquisition of company stock, which can be viewed as a positive signal.

Stakeholder Impact

• The acquisition of shares by a key executive could positively influence shareholder confidence.

Key Dates