Sculley Sheryl L. 4
4 · MGIC INVESTMENT CORP · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
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
Sculley Sheryl L.
Director
Transactions
- Award
Common Stock
[F1][F2]2026-02-13+0.036→ 34,892.031 total
Holdings
- 19,526.794
Share Units
[F3][F4][F5][F6]→ Common Stock (19,526.794 underlying)
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