Thompson Michael Leal 4

What Happened

• Michael Leal, a director of MGIC Investment Corp (MTG), was granted/received 29.075 shares on 2026-05-21. The filing reports this as an Award/Acquisition (code A) with no purchase price (N/A). The filing footnote states these shares represent dividends paid on restricted stock units (RSUs) under the issuer's Omnibus Incentive Plan.

Key Details

• Transaction date: 2026-05-21 (reported on Form 4 filed 2026-05-22)
• Transaction type/code: Award/Grant (A) — dividend equivalents on RSUs
• Shares acquired: 29.075; Price paid by insider: none (N/A)
• Shares owned after transaction: not specified in the provided filing
• Footnote: Dividends paid on RSUs awarded under the Issuer's Omnibus Incentive Plan; the reporting person paid no price
• Timeliness: Filing appears timely (reported the next day)

Context

• These shares are dividend-equivalent payments tied to previously awarded RSUs, not an open-market purchase or option exercise. Such administrative awards are routine and do not necessarily indicate a change in the insider's market view.
• Because no cash was spent and the amount is small, this filing is mostly informational about compensation mechanics rather than a trading signal.