Colson Nathaniel H 4
Research Summary
AI-generated summary
MGIC (MTG) EVP/CFO Nathaniel H. Colson Receives Award
What Happened
- Nathaniel H. Colson, EVP, CFO & CRO of MGIC Investment Corp (MTG), was reported as acquiring 182,584 restricted stock units (RSUs) on 2026-02-25 (transaction code A — award/grant). These RSUs were granted under the issuer's Omnibus Incentive Plan and no cash was paid by the reporting person. The filing lists no dollar price/value for the award.
Key Details
- Transaction date: 2026-02-25 (Form 4 filed 2026-02-26); transaction code A (award/grant).
- Award origin: RSUs were originally granted on February 3, 2023 and were performance-vested; the committee approved the performance results for the reported shares.
- Issuance timing: Provided continued employment, the RSUs will be issued as shares on the first business day following February 28, 2026.
- Consideration: The reporting person paid nothing for these RSUs (per footnote).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Filing timeliness: Form 4 was filed the business day after the reported transaction date, which is consistent with normal SEC timing requirements.
Context
- These RSUs are compensation awards that convert to common stock if performance and employment conditions are met; they are not an open-market purchase or sale and do not by themselves indicate insider buying/selling intent. Performance-vesting awards are commonly used to align executive pay with company metrics (here, growth in adjusted book value per share).