MGIC (MTG) Director Mark Zandi Receives Share Awards

What Happened

• Mark Zandi, a director of MGIC Investment Corporation (MTG), was awarded/received a total of 296.105 share units on August 20, 2026: 28.256 Restricted Stock Units (RSUs) and 267.849 Share Units (reported as a derivative).
• No purchase price was paid by Mr. Zandi for these awards (reported as N/A for price and value). The derivative Share Units track the company’s common stock value on a one-for-one basis.

Key Details

• Transaction date: August 20, 2026; Form filed Aug 21, 2026 (period of report Aug 20) — appears timely.
• Items reported:
  • 28.256 RSUs (Grant/Award) — dividends paid on RSUs; no price paid (Footnote F1).
  • 267.849 Share Units (Grant/Award, treated as derivative) — awarded or acquired via deferred compensation and/or phantom dividend reinvestment (Footnotes F2, F6).
• Share Units have no fixed exercise/conversion price and mirror MTG common stock value one-for-one (F3).
• These Share Units are normally settled in cash on a specified date unless the reporting person elects a later distribution (F4, F5).
• Filing does not disclose Mr. Zandi’s total shares owned after the transaction.

Context

• These transactions are awards/deferred-compensation entries (code A), not open-market purchases or sales — they reflect compensation and dividend reinvestment, not a directional trade.
• Derivative/share-unit awards are typically settled in cash (or later distribution if elected) and their value simply tracks the stock price; they do not imply an immediate purchase or sale of common stock.