Zandi Mark 4

What Happened

• Mark Zandi, a director of MGIC Investment Corporation (MTG), was granted 5,077.097 Restricted Stock Units (RSUs) on February 4, 2026. No purchase price was paid by the reporting person; the filing lists no per-share price or aggregate dollar value for the award.
• These RSUs are scheduled to be settled in shares of MGIC common stock ten business days after February 1, 2027, unless Zandi made a qualified election to defer settlement to a later date.

Key Details

• Transaction date: 2026-02-04 (reported on Form 4 filed 2026-02-05).
• Transaction type: A = Award/Grant (RSUs); price: N/A; shares awarded: 5,077.097.
• Settlement: RSUs settle in stock 10 business days after Feb 1, 2027 unless deferred (Footnotes F1–F2).
• Plan/compensation notes: Award made under the Issuer’s Omnibus Incentive Plan; no cash paid (F2). The filing also references the director deferred compensation plan and cash-settled Share Units that track the common stock price one-for-one (F3–F6).
• Shares owned after transaction: not disclosed in this filing.
• Timeliness: Filing date 2026-02-05 for a 2026-02-04 transaction — appears timely (not marked late).

Context

• RSU awards to directors are a form of compensation and do not represent a market purchase or sale decision; they increase potential future share holdings if settled in stock. If settlement is later elected in cash, the director would receive cash tied to the stock price instead.
• For retail investors, awards are routine and informational; they differ from open-market buys (which some interpret as a bullish signal) or sales (which can be routine liquidity).