CHAPLIN C EDWARD 4/A
4/A · MGIC INVESTMENT CORP · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
MGIC (MTG) Director Chaplin C. Edward Receives 5,075 RSU Award
What Happened
Chaplin C. Edward, a director of MGIC Investment Corporation (MTG), was awarded 5,075.188 restricted stock units (RSUs) on February 4, 2026. The award was granted under the issuer's Omnibus Incentive Plan and no cash was paid by the reporting person. This is an amended Form 4 correcting a previous administrative overstatement of 1.909 shares.
Key Details
- Transaction date: February 4, 2026 (reported on amended Form 4 filed Feb 6, 2026).
- Transaction type: Award/Grant (code A); no per-share price reported (units granted, not purchased).
- Number of units: 5,075.188 RSUs (previously overstated by 1.909 units; corrected here).
- Settlement: These RSUs will be settled in shares of common stock ten business days after February 1, 2027 unless a later distribution election is made.
- Plan: Awarded under MGIC’s Omnibus Incentive Plan; reporting person paid no consideration.
- Deferred compensation note: The filing also references share units under the Deferred Compensation Plan for Non-Employee Directors, which are typically cash-settled unless a later distribution election is made.
- Shares owned after transaction: Not specified in this Form 4.
- Timeliness: Filing appears timely (transaction reported within the Form 4 filing window); this is an amended filing to correct the unit count.
Context
This was an equity award (RSUs), not an open-market purchase or sale. Grants like this are routine for director compensation and do not by themselves indicate a buy or sell signal; they represent future share value exposure for the director once settled. The amendment solely corrects the previously reported unit count.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-02-04+5,075.188→ 44,426.494 total
- 49,537.266
Share Units
[F4][F5][F6][F7]→ Common Stock (49,537.266 underlying)
Footnotes (7)
- [F1]These Restricted Stock Units (RSUs) will be settled in stock ten business days after February 1, 2027, unless a qualified election for a later distribution was made by the reporting person.
- [F2]Due to administrative error, the number of share units reported as acquired on February 4, 2026 was overstated by 1.909 shares. This amended Form 4 is being filed to correct the previously reported number.
- [F3]These RSUs were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan and no price was paid by the reporting person for them.
- [F4]The reporting person participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors under which units corresponding to shares of Common Stock of the Issuer ("Share Units") are awarded to the reporting person and/or acquired through compensation deferral.
- [F5]These Share Units do not have a specified dollar-denominated exercise or conversion price. Their value is based, on a one-for-one basis, on the price of the Issuer's common stock on the New York Stock Exchange.
- [F6]These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
- [F7]These Share Units do not expire on a fixed date. They are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.