Salvatore A. Miosi - Feb 28, 2023 Form 4 Insider Report for MGIC INVESTMENT CORP (MTG)

Role
President & COO
Signature
Leslie A. Schunk, Attorney-in-Fact
Stock symbol
MTG
Transactions as of
Feb 28, 2023
Transactions value $
-$943,773
Form type
4
Date filed
3/1/2023, 01:45 PM
Previous filing
Jul 26, 2022
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTG Common Stock Tax liability -$905K -65.7K -12.91% $13.78 443K Feb 28, 2023 Direct
transaction MTG Common Stock Disposed to Issuer -58.2K -13.14% 385K Feb 28, 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 -$38.4K -2.65K -100% $14.51 0 Aug 29, 2022 Common Stock 2.65K 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, 2,647.367 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).