Sculley Sheryl L. 4
Research Summary
AI-generated summary
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.