Sculley Sheryl L. 4

4 · MGIC INVESTMENT CORP · Filed Mar 10, 2026

AI-generated summary of this filing

Updated Mar 10, 2026

MGIC (MTG) Director Sheryl Sculley Receives Share Awards

What Happened

Sheryl L. Sculley, a member of MGIC Investment Corporation's board of directors, was credited with awards on March 6, 2026: 131.286 restricted stock units (RSUs) and 109.373 share units (derivative). No cash was paid by the reporting person for these units. The two grants total 240.659 share-equivalents. No per-share price is reported (awards and deferred units are listed as N/A).

Key Details

Transaction date: 2026-03-06; Form 4 filed 2026-03-10 (filed within the typical two-business-day window).
Items received: 131.286 RSUs (dividends paid on RSUs under the Omnibus Incentive Plan, F1) and 109.373 Share Units under the Deferred Compensation Plan for Non-Employee Directors (derivative, F2–F6).
Price/value: No purchase price; RSUs and Share Units are credited without cash outlay. Share Units’ value is tied one-for-one to MGIC common stock price and are generally cash-settled on a specified date unless a later distribution election is made (F3–F5).
Shares owned after transaction: Not disclosed in this filing.
Filing timeliness: Not reported late; filing appears timely based on transaction and filing dates.

Context

These transactions are awards and deferred compensation credits, not open-market purchases or sales. Awards and share-unit credits are common forms of director compensation and do not necessarily signal a buy or sell decision by the director.
The share units reported are derivative, cash-settled units whose dollar value tracks MGIC’s common stock; one set arose from phantom dividend reinvestment and carried no purchase price (F6).

Form 4

Period: 2026-03-06

Director

Transactions

Award
Common Stock
[F1]
2026-03-06+131.286→ 35,023.317 total
Award
Share Units
[F2][F3][F6][F4][F5]
2026-03-06+109.373→ 19,636.167 total
→ Common Stock (109.373 underlying)

Footnotes (6)

[F1]Dividends paid on Restricted Stock Units awarded under the Issuer's Omnibus Incentive Plan. No price was paid by the reporting person for them.
[F2]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.
[F3]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.
[F4]These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
[F5]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.
[F6]These Share Units were acquired through phantom dividend reinvestment and no price was paid by the reporting person for the Share Units.

Signature

Leslie A. Schunk, Attorney-in-Fact|2026-03-10

1 file