Mattke Timothy J. 4
Research Summary
AI-generated summary
MGIC CEO Timothy J. Mattke Receives 90,260 RSU Award
What Happened
- Timothy J. Mattke, Chief Executive Officer of MGIC Investment Corp (MTG), received an award of 90,260 restricted stock units (RSUs) on February 4, 2026. No cash was paid for the award and no per-share price is reported (N/A).
- These RSUs are an award/compensation grant (not an open-market purchase or sale). They will convert to shares only as they vest, so this is a retention/compensation action rather than an immediate investment by the insider.
Key Details
- Transaction date: 2026-02-04; Form 4 filed 2026-02-05 (reporting date).
- Amount: 90,260 RSUs granted; price paid by insider: none (RSUs awarded).
- Vesting: RSUs vest in equal installments on February 28, 2027, 2028, and 2029, subject to continued employment (Footnote F1).
- Plan and consideration: Award made under the issuer’s Omnibus Incentive Plan; no price paid (Footnote F2).
- Shares owned after transaction: not disclosed in this filing.
- Filing timeliness: No late-filing flag indicated in the report.
Context
- RSUs are a form of compensation that typically convert to shares as they vest; they do not represent immediately tradable shares until vesting and any required withholding is settled.
- Such grants are common for executives and are intended for retention and performance alignment; they are not the same signal as an insider buying shares on the open market.