Hartzell Jay C. 4
4 · MGIC INVESTMENT CORP · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
MGIC (MTG) Director Jay C. Hartzell Receives 305.582 Share Awards
What Happened Jay C. Hartzell, a director of MGIC Investment Corporation (MTG), was granted two awards on March 6, 2026: 196.209 shares (award/grant) and 109.373 derivative share units, for a total of 305.582 share-equivalents. No purchase price is reported (N/A) — these units were awarded as dividend payments on RSUs and/or as deferred compensation rather than as an open-market purchase.
Key Details
- Transaction date: 2026-03-06; Form filed: 2026-03-10 (filed within the typical two-business-day window).
- Transaction type/code: A = Award/Grant (one award and one derivative/share-unit award).
- Shares received: 196.209 (award) + 109.373 (derivative/share units) = 305.582 total. Price per share: N/A — no cash paid by the reporting person.
- Shares owned after transaction: Not reported in the provided excerpt.
- Notable footnotes:
- F1: Dividends paid on Restricted Stock Units (RSUs); reporting person paid no price.
- F2–F5: 109.373 units are Share Units under the Deferred Compensation Plan for Non-Employee Directors; value tracks one-for-one with MGIC common stock and are generally settled in cash on a specified date unless a later distribution election is made.
- F6: Some Share Units were acquired through phantom dividend reinvestment; no cash paid.
Context These awards are non-market compensation (dividend reinvestment/ deferred-compensation share units) commonly used for director pay and are cash-settled or convertible based on MGIC's stock price. Such grants are routine and do not represent an open-market buy or sell by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-06+196.209→ 35,226.26 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.