MGIC INVESTMENT CORP·4/A

Feb 6, 6:10 PM ET

CHAPLIN C EDWARD 4/A

Research Summary

AI-generated summary

Updated

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.