Sculley Sheryl L. 4

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).