Sculley Sheryl L. 4

What Happened

• Sheryl L. Sculley, a director of MGIC Investment Corporation (MTG), was awarded 5,077.097 restricted stock units (RSUs) on February 4, 2026. The filing shows no purchase price — these RSUs were granted under the issuer’s Omnibus Incentive Plan and were not bought by the reporting person.
• The grant is recorded as an award (code A). No immediate cash transaction occurred; RSUs represent a future right to receive common stock (or potentially cash, see Key Details).

Key Details

• Transaction date: 2026-02-04; Form filed: 2026-02-05.
• Shares/units granted: 5,077.097 RSUs. Price: N/A (awarded, no cash paid).
• Settlement: These RSUs will be settled in stock ten business days after February 1, 2027 unless the director made a qualified election to defer distribution (footnote F1).
• Plan and payment: Awarded under MGIC’s Omnibus Incentive Plan (footnote F2). The reporting person also participates in the Deferred Compensation Plan for Non-Employee Directors, which uses cash‑settled "Share Units" that track the stock price one‑for‑one (footnotes F3–F6); those Share Units, if applicable, are settled in cash unless deferred.
• Shares owned after the transaction: Not specified in the filing.
• Timeliness: Filed the next day; no late filing indicated.

Context

• RSU grants are typical director compensation and do not represent open-market buying or selling. They are a non-cash award that will convert to stock (or be paid in cash under the deferred plan) at the specified settlement date. These grants are informational for investors but do not by themselves indicate immediate insider buying or selling.