Hartzell Jay C. 4
Research Summary
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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.