MGIC INVESTMENT CORP·4

Feb 17, 8:06 AM ET

Sculley Sheryl L. 4

4 · MGIC INVESTMENT CORP · Filed Feb 17, 2026

Research Summary

AI-generated summary of this filing

Updated

MGIC (MTG) Director Sheryl Sculley Receives Award

What Happened

  • Sheryl L. Sculley, a director of MGIC Investment Corporation (MTG), received a grant/award (transaction code A) of 0.036 shares (RSUs/share units) on February 13, 2026. No purchase price was paid and the filing lists the per-share price as N/A.

Key Details

  • Transaction date: 2026-02-13; Form 4 filed: 2026-02-17.
  • Shares acquired: 0.036 RSUs/share units; price: N/A; total cash value not stated (value tracks MTG stock price one-for-one).
  • Shares owned after transaction: not disclosed in the provided filing.
  • Footnotes: fractional shares were rounded up at settlement (F1); RSUs awarded under the Issuer's Omnibus Incentive Plan (F2); reporting person also participates in the Deferred Compensation Plan for Non-Employee Directors and related Share Units are typically settled in cash unless deferred (F3–F6).
  • Filing timeliness: Form lists the transaction date and filing date; the filing itself does not specify a late filing flag in the summary provided here.

Context

  • This was an award of restricted/share units to a non-employee director—a common form of director compensation—rather than an open‑market purchase or sale. Share units are valued one-for-one to MTG common stock and are generally settled in cash on a specified date unless the director elects later distribution. Small fractional awards (like 0.036) often reflect rounding on settlement and are typically routine rather than a market sentiment signal.

Insider Transaction Report

Form 4
Period: 2026-02-13
Transactions
  • Award

    Common Stock

    [F1][F2]
    2026-02-13+0.03634,892.031 total
Holdings
  • Share Units

    [F3][F4][F5][F6]
    Common Stock (19,526.794 underlying)
    19,526.794
Footnotes (6)
  • [F1]Fractional shares have been rounded up in connection with the settlement of the director shares, pursuant to the terms of the related grant.
  • [F2]These RSUs were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan and no price was paid by the reporting person for them.
  • [F3]The reporting person participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors under which units corresponding to shares of Common Stock of the Issuer ("Share Units") are awarded to the reporting person and/or acquired through compensation deferral.
  • [F4]These Share Units do not have a specified dollar-denominated exercise or conversion price. Their value is based, on a one-for-one basis, on the price of the Issuer's common stock on the New York Stock Exchange.
  • [F5]These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
  • [F6]These Share Units do not expire on a fixed date. They are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.
Signature
Leslie A. Schunk, Attorney-in-Fact|2026-02-17

Documents

1 file
  • 4
    wk-form4_1771333589.xmlPrimary

    FORM 4