MGIC (MTG) Director Chaplin Receives 421.283 Share Units
$MTG · MGIC INVESTMENT CORPResearch Summary
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MGIC (MTG) Director Chaplin Receives 421.283 Share Units
What Happened
Chaplin C. Edward, a director of MGIC Investment Corporation (MTG), acquired two awards on 2026-08-20 totaling 421.283 share units: 145.482 units from dividends on restricted stock units and 275.801 share units classified as derivative awards. No price was paid by the reporting person and no dollar values are provided on the Form 4 (transactions reported as code "A" — award/grant/acquisition).
Key Details
- Transaction date: 2026-08-20; Form 4 filed 2026-08-21.
- Awards: 145.482 units (dividends on RSUs; footnote F1) and 275.801 share units (derivative; footnotes F2–F6). Total = 421.283 units.
- Price/Value: N/A on the filing; units were granted/acquired with no cash paid by the insider.
- Share ownership after transaction: Not disclosed in the provided extract.
- Notable footnotes: units arise from the issuer’s Omnibus Incentive Plan and Deferred Compensation Plan for Non‑Employee Directors; share units track the stock 1:1, generally settle in cash on a specified date unless a later distribution is elected, and some units were acquired via phantom dividend reinvestment.
- Timeliness: Filing appears timely (transaction 8/20/2026, Form 4 filed 8/21/2026).
Context
These transactions are awards/share unit acquisitions (not open‑market purchases or sales). Share units and RSU‑related dividend awards are typically compensation or deferred‑compensation events and do not by themselves indicate buying or selling sentiment. The derivative/share‑unit awards are settled based on MGIC’s common stock price (often in cash unless a deferral election is made), and one tranche was acquired through phantom dividend reinvestment — meaning no cash changed hands at grant.