Hartzell Jay C. 4/A
4/A · MGIC INVESTMENT CORP · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
MGIC (MTG) Director Jay C. Hartzell Receives RSU Award
What Happened Jay C. Hartzell, a director of MGIC Investment Corp (MTG), was awarded 5,075.188 units on February 4, 2026. The award is reported as restricted stock units/share units (no cash paid). No per‑share purchase price is reported. An amended Form 4 was filed to correct an administrative overstatement of 1.909 units in the originally reported amount.
Key Details
- Transaction date: February 4, 2026; Amended Form 4 filed February 6, 2026 to correct unit count (see footnote F2).
- Amount awarded: 5,075.188 units (original report overstated by 1.909 units).
- Price: N/A — units were granted as compensation (no cash paid) (see F3).
- Settlement: Footnotes indicate RSUs will be settled in stock 10 business days after Feb 1, 2027 unless a later distribution election is made (F1). Some units reference the Deferred Compensation Plan for Non‑Employee Directors and are cash‑settled on a specified date unless a later election is made (F4–F7).
- Value mechanics: Share Units have no exercise price and track MGIC common stock on a one‑for‑one basis (F5).
- Shares owned after the transaction: not specified in the provided filing.
Context This is a compensation award (RSUs/share units) to a non‑employee director — routine for board pay and not a market trade. Such awards reflect compensation policy rather than an insider buying or selling shares; they do not by themselves indicate the director’s view of the stock. The amendment simply corrects a minor counting error.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-02-04+5,075.188→ 35,030.051 total
- 19,526.794
Share Units
[F4][F5][F6][F7]→ Common Stock (19,526.794 underlying)
Footnotes (7)
- [F1]These Restricted Stock Units (RSUs) will be settled in stock ten business days after February 1, 2027, unless a qualified election for a later distribution was made by the reporting person.
- [F2]Due to administrative error, the number of share units reported as acquired on February 4, 2026 was overstated by 1.909 shares. This amended Form 4 is being filed to correct the previously reported number.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
- [F7]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.