Kozlak Jodee A 4
Research Summary
AI-generated summary
MGIC (MTG) Director Jodee Kozlak Receives 5,077 RSU Award
What Happened
- Director Jodee A. Kozlak received an award of 5,077.097 restricted stock units (RSUs) on February 4, 2026 (transaction code A). No purchase price was paid (award under the Issuer's Omnibus Incentive Plan). The filing reports price as N/A because this is a grant, not an open-market trade.
Key Details
- Transaction date: 2026-02-04 (reported 2026-02-05).
- Amount: 5,077.097 RSUs; price: N/A (award).
- Settlement: These RSUs will be settled in shares ten business days after February 1, 2027 unless the reporting person elected a later distribution (per filing footnote).
- Plan/terms: Awarded under the Omnibus Incentive Plan; reporting person paid nothing for the RSUs.
- Deferred-comp note: The filing also notes the reporting person participates in the company’s Deferred Compensation Plan for Non-Employee Directors, where share units are valued one-for-one to MGIC common stock and typically settled in cash on a specified date unless deferred.
- Shares owned after transaction: not disclosed in this Form 4.
- Timeliness: Filing appears timely (transaction 2/4/2026; Form 4 filed 2/5/2026).
Context
- RSUs are compensation awards that convert into company shares (or cash, if elected) at settlement; they are not purchases or sales and do not represent an immediate market trade. Such grants are routine director compensation and do not by themselves indicate buying or selling sentiment.