Lowman Teresita M. 4
Research Summary
AI-generated summary
MGIC (MTG) Director Teresita Lowman Receives RSU Award
What Happened
Teresita M. Lowman, a director of MGIC Investment Corp (MTG), was granted 5,077.097 restricted stock units (RSUs) on 2026-02-04 (transaction code A — award/grant). No purchase price was paid by the reporting person; the filing lists the per-share price as N/A and does not show a cash value for the grant.
Key Details
- Transaction date: 2026-02-04 (reported on Form 4 filed 2026-02-05).
- Transaction type/code: Award/Grant (A) of RSUs.
- Shares awarded: 5,077.097 RSUs; price paid: N/A (awarded, not purchased).
- Settlement: RSUs will be settled in stock ten business days after February 1, 2027, unless the reporting person elected a later distribution (Footnote F1).
- Plan and payment details: Award made under the Issuer’s Omnibus Incentive Plan; reporting person paid no cash for the RSUs (Footnote F2).
- Shares owned after transaction: Not specified in the provided filing details.
- Timeliness: Filed one day after the transaction (appears timely under Form 4 rules).
Context
RSU grants are compensation awards that convert to shares on settlement/vesting dates; they are not open‑market purchases or sales and do not by themselves indicate immediate buying or selling pressure. This award will become equity when settled per the stated schedule, unless deferred by the director.