Maggio Paula C 4
4 · MGIC INVESTMENT CORP · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
MGIC (MTG) EVP Paula Maggio Receives Restricted Stock Award
What Happened
Paula C. Maggio, EVP and General Counsel of MGIC Investment Corp. (MTG), was granted 136,938 restricted stock units (RSUs) reported on 2026-02-25. The award has no purchase price (no cash paid) and is recorded as an award/grant (code A). The RSUs are performance‑vested and will be issued, provided she remains employed, on the first business day after February 28, 2026; the filing lists no immediate cash value.
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-26 (timely filing).
- Shares awarded: 136,938 RSUs; price paid by insider: N/A (no purchase).
- Vesting/issuance: Performance-vesting tied to growth in adjusted book value per share; committee approval for the reported shares; issuance scheduled first business day following 2/28/2026 subject to continued employment. (Footnote F1)
- Plan: Award granted under the Issuer's Omnibus Incentive Plan; reporting person paid nothing for the RSUs. (Footnote F2)
- Shares owned after transaction: Not specified in the filing.
Context
RSUs are a grant of the right to receive shares in the future if vesting conditions are met; they are not an immediate purchase or sale and typically cannot be traded until issued. Performance‑vested awards aim to align executive compensation with multi‑year company performance; this grant does not, by itself, indicate insider buying or selling activity.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-25+136,938→ 251,626.68 total
- 110,422(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents shares of Issuer common stock to be issued under a restricted stock unit award granted to the Reporting Person on February 3, 2023. The award is subject to performance-vesting restrictions based on growth in adjusted book value per share. Performance with respect to the shares reported in Column 4 has been approved by the appropriate committee of Issuer's Board. Provided continued employment, the shares will be issued to the Reporting Person on the first business day following February 28, 2026.
- [F2]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.