Zandi Mark 4/A
4/A · MGIC INVESTMENT CORP · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
MGIC (MTG) Director Mark Zandi Receives 5,075 RSU Award
What Happened Mark Zandi, a director of MGIC Investment Corporation (NYSE: MTG), was reported as receiving 5,075.188 restricted stock units (RSUs) on February 4, 2026. The award was granted under MGIC's Omnibus Incentive Plan and no cash was paid by the reporting person. The filing is an amended Form 4 correcting a prior overstatement of 1.909 share units in the originally reported amount.
Key Details
- Transaction type: Award/Grant (code A) of 5,075.188 share units reported 2026-02-04; price: N/A (no purchase).
- Settlement: Footnotes state these RSUs will be settled in stock ten business days after February 1, 2027, unless the director elected a later distribution.
- Plan: Awarded under the Issuer's Omnibus Incentive Plan; no price paid by the reporting person.
- Correction: Amended filing corrects a prior overstatement of 1.909 units.
- Shares owned after transaction: Not provided in the supplied filing excerpt.
- Timeliness: Form 4 filed 2026-02-06 for a 2026-02-04 grant (appears timely); amendment solely to correct the quantity.
Context
- RSUs are a form of equity compensation that convert to shares (or sometimes cash) at settlement; receiving RSUs is not an immediate sale and typically reflects compensation rather than an actionable endorsement of near-term stock direction.
- Footnotes also reference deferred compensation "share units" (cash-settled units valued one-for-one to the stock) and explain settlement mechanics—some units are stock-settled in 2027 while other plan units may be cash-settled depending on elections.
Insider Transaction Report
Form 4/AAmended
Zandi Mark
Director
Transactions
- Award
Common Stock
[F1][F2][F3]2026-02-04+5,075.188→ 33,889.151 total
Holdings
- 48,108.575
Share Units
[F4][F5][F6][F7]→ Common Stock (48,108.575 underlying)
Footnotes (7)
- [F1]These Restricted Stock Units (RSUs) will be settled in stock ten business days after February 1, 2027, unless a qualified election for a later distribution was made by the reporting person.
- [F2]Due to administrative error, the number of share units reported as acquired on February 4, 2026 was overstated by 1.909 shares. This amended Form 4 is being filed to correct the previously reported number.
- [F3]These RSUs were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan and no price was paid by the reporting person for them.
- [F4]The reporting person participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors under which units corresponding to shares of Common Stock of the Issuer ("Share Units") are awarded to the reporting person and/or acquired through compensation deferral.
- [F5]These Share Units do not have a specified dollar-denominated exercise or conversion price. Their value is based, on a one-for-one basis, on the price of the Issuer's common stock on the New York Stock Exchange.
- [F6]These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
- [F7]These Share Units do not expire on a fixed date. They are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.
Signature
Leslie A. Schunk, Attorney-in-Fact|2026-02-06