Thompson Michael Leal 4/A
Research Summary
AI-generated summary
MGIC (MTG) Director Michael L. Thompson Receives RSU Award
What Happened
- Michael L. Thompson, a director of MGIC Investment Corp (MTG), was granted 5,075.188 restricted stock units (RSUs) on February 4, 2026. No purchase price was paid by the reporting person (award/grant, code A). The filing is an amendment correcting a previously reported figure.
Key Details
- Transaction date: February 4, 2026 (amended Form 4 filed Feb 6, 2026).
- Amount: 5,075.188 RSUs granted; the prior filing overstated the award by 1.909 RSUs (amendment corrects this).
- Price: N/A — these were awards, not purchases.
- Settlement: These RSUs will be settled in shares ten business days after February 1, 2027 unless the insider elected a later distribution (per filing).
- Plan and payment: Awarded under the issuer’s Omnibus Incentive Plan; no cash paid by the reporting person.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing status: This is an amended Form 4 correcting the previously reported number (not a late trading signal).
Context
- RSU awards are compensation grants that convert to shares at settlement and do not represent an open-market purchase or sale; they are routine compensation for insiders. Because no cash changed hands and the grant vests/settles in the future, this transaction is informational about compensation rather than an immediate bullish or bearish trading signal.