Timothy J. Mattke - 28 Feb 2023 Form 4 Insider Report for MGIC INVESTMENT CORP (MTG)

Signature
Leslie A. Schunk, Attorney-in-Fact
Issuer symbol
MTG
Transactions as of
28 Feb 2023
Net transactions value
-$1,454,221
Form type
4
Filing time
01 Mar 2023, 13:44:32 UTC
Previous filing
26 Jul 2022
Next filing
22 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTG Common Stock Tax liability $1,440,341 -104,524 -13% $13.78 686,901 28 Feb 2023 Direct
transaction MTG Common Stock Disposed to Issuer -92,610 -13% 594,291 28 Feb 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MTG Common Stock Disposed to Issuer $13,881 -957 -100% $14.51 0 29 Aug 2022 Common Stock 957 By Issuer's Profit Sharing & Savings Plan F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the forfeiture of performance-based restricted stock units granted to the Reporting Person on January 27, 2020 that were eligible to vest upon percentage achievement of a pre-established performance goal. Based on the Company's performance over the applicable performance period, a portion of the grant has been forfeited.
F2 On August 29, 2022, the Issuer eliminated the Issuer's stock fund as an investment alternative available under its 401(k) plan. As a result, 956.626 shares of common stock the reporting person previously beneficially owned under the plan were liquidated, in transactions exempt from Section 16(a) and Section 16(b) under Rule 16a-3(f)(1(i)(B) and Rule 16b-3(c).