MGIC INVESTMENT CORP·4

Feb 5, 3:24 PM ET

CHAPLIN C EDWARD 4

Research Summary

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MGIC (MTG) Director Chaplin C. Edward Receives RSU Award

What Happened

  • Chaplin C. Edward, a director of MGIC Investment Corporation (MTG), received a grant of 5,077.097 restricted stock units (RSUs) on February 4, 2026. No purchase price was paid for these units (award code A). The RSUs will be settled in shares of common stock ten business days after February 1, 2027 unless the reporting person elected a later distribution.

Key Details

  • Transaction date: 2026-02-04 (reported with Period of Report 2026-02-04; filing dated 2026-02-05).
  • Price: N/A — these were awarded, not purchased.
  • Shares/units granted: 5,077.097 RSUs.
  • Settlement: RSUs to be settled in stock ten business days after Feb 1, 2027 unless deferred (see footnote F1).
  • Plan/authority: Awarded under the issuer’s Omnibus Incentive Plan; no cash paid by the reporting person (F2).
  • Related deferred-compensation notes (F3–F6): the filing also describes Share Units under the Non-Employee Directors Deferred Compensation Plan, which are valued one-for-one to the common stock and are typically settled in cash on a specified date unless a later distribution is elected.
  • Shares owned after transaction: Not specified in the filing.
  • Timeliness: Filing appears timely (filed the next day, no late‑filing flag).

Context

  • RSUs are compensation awards that convert into shares (or cash, if specified) at a future settlement date; they are not open‑market purchases or sales. Grants inform on compensation practices but do not alone indicate the insider’s view to buy or sell stock. The deferred-compensation share-unit notes explain alternate settlement and valuation mechanics for non-employee director compensation.