Sperber Julie K. 4/A
Research Summary
AI-generated summary
MGIC (MTG) VP-Chief Accounting Officer Julie Sperber Receives RSU Award
What Happened
- Julie K. Sperber, VP and Chief Accounting Officer of MGIC Investment Corp (MTG), was awarded 2,820 restricted stock units (RSUs) on February 4, 2026 (transaction code A). No price was paid for the award. This Form 4 is an amended filing that corrects an administrative overstatement of 1 share in the originally reported grant.
Key Details
- Transaction date: February 4, 2026 (Form 4 filed as an amendment on February 6, 2026).
- Award: 2,820 RSUs (originally overstated by 1 share; corrected here).
- Price: N/A — RSUs granted as compensation under the issuer’s Omnibus Incentive Plan (no cash paid).
- Vesting: RSUs vest in equal installments on February 28, 2027, 2028, and 2029, subject to continued employment (footnote).
- Shares owned after transaction: not specified in the provided filing.
- Filing status: This is an amended Form 4 to correct the reported share count; no indication in the filing of a late reporting penalty.
Context
- RSU awards are a form of equity compensation and do not represent an immediate market purchase or sale; vesting over three years means the shares are subject to continued employment requirements before delivery. The amendment here only corrects a small administrative error (one share) and does not change the substance of the compensation grant.