Zandi Mark 4
Research Summary
AI-generated summary
MGIC (MTG) Director Mark Zandi Receives Award
What Happened
- Mark Zandi, a non-employee director of MGIC Investment Corporation (MTG), was awarded 0.036 shares on 2026-02-13. The award is recorded as an "A" (award/grant/other acquisition) and no purchase price was paid (price: N/A).
- The award represents restricted stock units (RSUs) and/or deferred compensation share units granted under MGIC's Omnibus Incentive Plan and the Deferred Compensation Plan for Non-Employee Directors; fractional shares were rounded up for settlement.
Key Details
- Transaction date: 2026-02-13. Form 4 filed: 2026-02-17.
- Shares acquired: 0.036; reported acquisition type: A (award/grant). Price: N/A (no cash paid).
- Shares owned after transaction: not specified in this filing.
- Notable footnotes: awards are RSUs/share units under the Omnibus Incentive Plan and the Deferred Compensation Plan; share units have no exercise price, track the NYSE stock price one-for-one, and are typically settled in cash on a specified date unless the director elects later distribution; fractional shares were rounded up on settlement.
- No indication in the filing that shares were sold or that this was an option exercise or tax-withholding event.
Context
- Director RSU/share-unit awards are routine non-cash compensation for board service and do not by themselves indicate buy/sell sentiment. These units are generally settled in cash (unless the director elects otherwise) and have no exercise price. The reported amount is very small (fractional), reflecting rounding on settlement.