CHAPLIN C EDWARD 4
4 · MGIC INVESTMENT CORP · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
MGIC (MTG) Director Chaplin C. Edward Receives Stock Awards
What Happened
Director Chaplin C. Edward received two awards on May 21, 2026 totaling 433.488 units: 149.697 restricted stock units and 283.791 share units (derivative). No cash was paid by the reporting person and no per-share price is reported; the filing does not state a total dollar value. The share units are awards/compensation rather than open‑market purchases or sales.
Key Details
- Transaction date: 2026-05-21; Form 4 filed 2026-05-22 (filed the next day).
- Awards: 149.697 RSUs (grant) and 283.791 Share Units (derivative) — total 433.488 units. Reported price: N/A (no purchase price).
- Shares owned after transaction: not specified in the filing.
- Notable footnotes: dividends were paid on the RSUs (F1); the Share Units were awarded under the Deferred Compensation Plan for Non‑Employee Directors and track the company’s common stock one‑for‑one (F2–F3); Share Units are typically settled in cash on a specified date unless a later distribution is elected (F4–F5); some Share Units were acquired via phantom dividend reinvestment and no price was paid (F6).
- Transaction type: Award/Grant (code A) — compensation, not a market purchase or sale.
Context
These awards are compensation for a non‑employee director and consist of restricted stock units and cash‑settled share units that track MGIC’s common stock price. Such awards do not represent an open‑market buy or sell and therefore are not a direct buy/sell signal; they reflect director compensation practices (often settled in cash for non‑employee directors). The filing appears timely (filed one day after the grant).
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-21+149.697→ 44,722.552 total - Award
Share Units
[F2][F3][F6][F4][F5]2026-05-21+283.791→ 50,098.525 total→ Common Stock (283.791 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.