Zandi Mark 4

What Happened

• Mark Zandi, a director of MGIC Investment Corporation (MTG), received two awards on March 6, 2026: 28.427 restricted stock units (RSUs) and 269.466 deferred "Share Units." No cash was paid for these units and no per-share price is reported.
• The 28.427 units were dividend credits on RSUs under the Omnibus Incentive Plan; the 269.466 units are derivative/deferred share units (phantom shares) awarded under the Deferred Compensation Plan for Non‑Employee Directors. The Share Units track MGIC common stock on a one‑for‑one basis and are generally settled in cash unless a later distribution election is made.

Key Details

• Transaction date: 2026-03-06 (reported on Form 4 filed 2026-03-10). Filing appears timely (within required business‑day window).
• Transaction type: A = Award/Grant. No purchase price reported (units credited, value based on MTG stock price).
• Shares/units received: 28.427 RSUs; 269.466 deferred Share Units (derivative).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes summarized:
  • F1/F6: RSUs and some Share Units were credited as dividend reinvestment; no price paid.
  • F2/F3: Share Units awarded under the Deferred Compensation Plan; value equals NYSE stock price one‑for‑one.
  • F4/F5: Share Units are typically settled in cash on a specified date unless a later distribution election is made.
• No sales, open‑market purchases, option exercises, tax‑withholding sales, or 10b5‑1 plans are reported for these items.

Context

• These transactions are compensation credits (awards and deferred/phantom share units), not open‑market buys or sales. Such awards are routine director compensation and do not by themselves indicate that the director bought or sold company stock for investment reasons.
• The deferred/phantom Share Units expose the director to MGIC’s stock performance economically but are typically settled in cash, so they differ from immediate share ownership and do not necessarily reflect a near‑term trading intent.