Patrick Sinks served as the CEO of MGIC Investment Corp. from March 2014 until July 2019. He has been with the company since 1978, which shows his deep experience in the industry. Patrick holds an MBA from the University of...
Patrick Sinks served as the CEO of MGIC Investment Corp. from March 2014 until July 2019. He has been with the company since 1978, which shows his deep experience in the industry. Patrick holds an MBA from the University of Wisconsin - Milwaukee and started in various finance roles at MGIC before becoming a leader. During his tenure as CEO, his compensation was notably performance-based, highlighting a focus on metrics like Return on Equity. In 2019, he earned a total of around $7.54 million, with bonuses tied to achieving specific financial goals. Patrick also engaged in significant insider trading, with his holdings fluctuating from over $27 million to levels above $36 million in just a few years. This indicates a strong belief in the company's growth potential and his stake in its success. After stepping down, he continued with MGIC as Vice Chairman until early 2020, making him a key player in the company’s strategic direction.