Mattke Timothy J. 4/A
Research Summary
AI-generated summary
MGIC CEO Timothy J. Mattke Receives 90,226-Share RSU Award
What Happened
Timothy J. Mattke, CEO of MGIC Investment Corp (MTG), was granted 90,226 restricted stock units (RSUs) on February 4, 2026. No cash was paid for the award (it’s compensation), and no per-share price or immediate value was reported. This Form 4 is an amended filing correcting an administrative overstatement of 34 share units in the original report.
Key Details
- Transaction type: Award/Grant (Form 4 code A).
- Transaction date (Period of Report): 2026-02-04; Form filed (amended): 2026-02-06.
- Shares reported as acquired: 90,226 RSUs (corrected amount). Price: N/A (awarded, not purchased).
- Vesting: RSUs vest in equal installments on Feb 28, 2027, Feb 28, 2028, and Feb 28, 2029, subject to continued employment (Footnote F1).
- Plan/consideration: Awarded under the issuer’s Omnibus Incentive Plan; no price paid (Footnote F3).
- Correction: Amended filing fixes an overstatement of 34 RSUs in the prior report (Footnote F2).
- Shares owned after transaction: not specified in the provided filing.
- Timeliness: The amended Form 4 was filed within two business days of the reporting period date; amendment reflects a correction rather than a late disclosure.
Context
RSU awards are a form of compensation that deliver shares only after vesting and subject to forfeiture if the employee leaves before vesting; they are not the same as an open-market purchase and do not indicate an immediate cash transaction. Routine compensation grants and small administrative corrections (like the 34-share fix) are common on Form 4 filings and should be interpreted as insider compensation disclosures rather than explicit buy/sell signals.