MGIC Investment Corp's 2025 Proxy Statement Filed

Ticker: MTG · Form: DEF 14A · Filed: 2025-03-21T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

TL;DR

MGIC proxy statement out - exec comp details for 2024 released.

AI Summary

MGIC Investment Corp filed its DEF 14A on March 21, 2025, detailing executive compensation and corporate governance for the fiscal year ending December 31, 2024. The filing includes information on equity awards adjustments and pension benefits for its executive team, with data spanning from 2020 to 2024.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation, which can influence company performance and investor confidence.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) that primarily discloses executive compensation and corporate governance information, not typically indicative of immediate financial risk.

Key Numbers

2024-12-31 — Fiscal Year End (Reporting period for compensation details)
20250321 — Filing Date (Date the DEF 14A was submitted to the SEC)

Key Players & Entities

MGIC INVESTMENT CORP (company) — Filer
250 EAST KILBOURN AVENUE (address) — Business and Mail Address
MILWAUKEE (location) — City
WI (location) — State
53202 (postal_code) — ZIP Code
4143476480 (phone_number) — Business Phone

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes and provide detailed information on matters such as executive compensation, director elections, and other corporate governance issues.

What specific compensation-related information is provided in this filing for MGIC Investment Corp?

The filing details executive compensation, including information related to equity awards adjustments and pension benefits for the fiscal years 2020 through 2024.

Who is the filer of this DEF 14A document?

The filer is MGIC INVESTMENT CORP, with Central Index Key 0000876437.

When was this DEF 14A filed with the SEC?

This DEF 14A filing was made on March 21, 2025.

What is MGIC Investment Corp's primary industry classification?

MGIC Investment Corp's Standard Industrial Classification (SIC) is SURETY INSURANCE [6351].

From the Filing

0000876437-25-000062.txt : 20250321 0000876437-25-000062.hdr.sgml : 20250321 20250321111516 ACCESSION NUMBER: 0000876437-25-000062 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 65 CONFORMED PERIOD OF REPORT: 20250321 FILED AS OF DATE: 20250321 DATE AS OF CHANGE: 20250321 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGIC INVESTMENT CORP CENTRAL INDEX KEY: 0000876437 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] ORGANIZATION NAME: 02 Finance IRS NUMBER: 391486475 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-10816 FILM NUMBER: 25759527 BUSINESS ADDRESS: STREET 1: 250 EAST KILBOURN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4143476480 MAIL ADDRESS: STREET 1: 250 EAST KILBOURN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 DEF 14A 1 mtg-20250321.htm DEF 14A mtg-20250321 0000876437 DEF 14A FALSE iso4217:USD iso4217:USD xbrli:shares xbrli:pure 0000876437 2024-01-01 2024-12-31 0000876437 2023-01-01 2023-12-31 0000876437 2022-01-01 2022-12-31 0000876437 2021-01-01 2021-12-31 0000876437 2020-01-01 2020-12-31 0000876437 1 2024-01-01 2024-12-31 0000876437 ecd:EqtyAwrdsAdjsMember ecd:PeoMember 2024-01-01 2024-12-31 0000876437 mtg:PensionBenefitsAdjustmentsMember ecd:PeoMember 2024-01-01 2024-12-31 0000876437 ecd:EqtyAwrdsAdjsMember ecd:PeoMember 2023-01-01 2023-12-31 0000876437 mtg:PensionBenefitsAdjustmentsMember ecd:PeoMember 2023-01-01 2023-12-31 0000876437 ecd:EqtyAwrdsAdjsMember ecd:PeoMember 2022-01-01 2022-12-31 0000876437 mtg:PensionBenefitsAdjustmentsMember ecd:PeoMember 2022-01-01 2022-12-31 0000876437 ecd:EqtyAwrdsAdjsMember ecd:PeoMember 2021-01-01 2021-12-31 0000876437 mtg:PensionBenefitsAdjustmentsMember ecd:PeoMember 2021-01-01 2021-12-31 0000876437 ecd:EqtyAwrdsAdjsMember ecd:PeoMember 2020-01-01 2020-12-31 0000876437 mtg:PensionBenefitsAdjustmentsMember ecd:PeoMember 2020-01-01 2020-12-31 0000876437 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000876437 mtg:PensionBenefitsAdjustmentsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000876437 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000876437 mtg:PensionBenefitsAdjustmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000876437 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000876437 mtg:PensionBenefitsAdjustmentsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000876437 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000876437 mtg:PensionBenefitsAdjustmentsMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000876437 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0000876437 mtg:PensionBenefitsAdjustmentsMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0000876437 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2024-01-01 2024-12-31 0000876437 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2024-01-01 2024-12-31 0000876437 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0000876437 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2024-01-01 2024-12-31 0000876437 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2023-01-01 2023-12-31 0000876437 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2023-01-01 2023-12-31 0000876437 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2023-01-01 2023-12-31 0000876437 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2023-01-01 2023-12-31 0000876437 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2022-01-01 2022-12-31 0000876437 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2022-01-01 2022-12-31 0000876437 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2022-01-01 2022-12-31 0000876437 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember