Form 4: MGIC Investment Corp President & COO Acquires Restricted Stock Units

Salvatore A. Miosi, President & COO of MGIC Investment Corp, reports acquisition of restricted stock units and updates beneficial ownership.

Summary

• On February 5, 2025, Salvatore A. Miosi, the President & COO of MGIC Investment Corp, acquired 32,915.361 shares of common stock in the form of Restricted Stock Units (RSUs).
• The RSUs were granted under the Issuer's 2020 Omnibus Incentive Plan at a price of $25.52 per unit.
• These RSUs will vest in equal installments on February 28 of 2026, 2027, and 2028, contingent upon Miosi's continued employment with the company.
• Following the transaction, Miosi directly owns 32,915.361 shares of common stock and indirectly owns 550,211 shares through a family trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice, and the acquisition by a key executive suggests confidence. However, it's not a major event that would drastically alter the company's outlook.

Positives

• The acquisition of RSUs by a key executive like the President & COO can be seen as a positive sign, indicating confidence in the company's future performance.

Risks

• The vesting of the RSUs is contingent upon Miosi's continued employment, creating a potential risk if he were to leave the company before the vesting dates.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Executive compensation through stock and equity grants is a common practice in the financial services industry to align management's interests with those of shareholders.

Comparison to Industry Standards

• Companies like Radian Group Inc. and Essent Group Ltd. also utilize stock-based compensation for their executives.
• The vesting schedules and grant amounts are typically benchmarked against peer companies to ensure competitive compensation packages.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see this as a positive indicator of the company's commitment to its leadership.

Key Dates

Keywords

Restricted Stock Units, Beneficial Ownership, Form 4, MGIC, Miosi, Executive Compensation