Miosi Salvatore A 4/A
Research Summary
AI-generated summary
MGIC (MTG) President Salvatore Miosi Receives RSU Award
What Happened
- Salvatore A. Miosi, President & COO of MGIC Investment Corp (MTG), was awarded 33,083 restricted stock units (RSUs) on February 4, 2026 (transaction code A — award/grant). No purchase price was paid for these units. The Form 4 filed on Feb 6, 2026 is an amended filing correcting an earlier overstatement of 13 units.
Key Details
- Transaction date: 2026-02-04 (reported via amended Form 4 on 2026-02-06).
- Shares/units granted: 33,083 RSUs (previously overstated by 13 units; this filing corrects that error).
- Price: N/A — these RSUs were granted as compensation under MGIC’s Omnibus Incentive Plan and no cash was paid.
- Vesting: RSUs vest in equal installments on Feb 28, 2027, Feb 28, 2028 and Feb 28, 2029, subject to continued employment. (Footnotes F1 & F3)
- Shares owned after transaction: not specified in the amended Form 4.
- Filing status: Amended filing to correct the unit count (footnote F2). The report was filed two days after the transaction date.
Context
- RSUs are compensation that convert to shares only when they vest; they are not an immediate open-market purchase or sale and do not by themselves signal a buy/sell decision by the insider.
- This is a routine equity award for alignment/retention under the company’s incentive plan; factual correction in the amended filing addresses an administrative overstatement of 13 units.