CHAPLIN C EDWARD 4
4 · MGIC INVESTMENT CORP · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
MGIC (MTG) Director C. Edward Chaplin Receives Stock Awards
What Happened
C. Edward Chaplin, a director of MGIC Investment Corporation (MTG), was awarded 146.361 restricted stock units (RSUs) and acquired 277.468 deferred/share units (derivative) on March 6, 2026. Both items were reported as awards/acquisitions (Form 4 code A). No purchase price is reported (N/A) — the RSUs arose from dividend payments and the share units were acquired through the company’s deferred compensation/phantom dividend reinvestment arrangements.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (filed within the standard two business-day window).
- Amounts: 146.361 RSUs (F1) and 277.468 Share Units (derivative) (F2, F6).
- Price/Value: N/A — units were awarded/credited and no cash was paid by the reporting person. The share-unit value is based one-for-one on MTG’s NYSE common stock price (F3).
- Settlement: Share Units are settled in cash on a specified date unless the director elects later distribution (F4, F5).
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: F1 (dividends paid on RSUs; no price paid), F2–F5 (deferred compensation/share unit plan mechanics and cash settlement), F6 (units acquired via phantom dividend reinvestment).
Context
These transactions are awards and deferred-compensation credits, not open-market purchases or sales. RSUs and deferred/share units are compensation and typically convert to cash or stock per plan rules at a later date; they do not by themselves signal buying or selling intent by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-06+146.361→ 44,572.855 total - Award
Share Units
[F2][F3][F6][F4][F5]2026-03-06+277.468→ 49,814.734 total→ Common Stock (277.468 underlying)
Footnotes (6)
- [F1]Dividends paid on Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan. No price was paid by the reporting person for them.
- [F2]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.
- [F3]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.
- [F4]These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
- [F5]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.
- [F6]These Share Units were acquired through phantom dividend reinvestment and no price was paid by the reporting person for the Share Units.