Timothy J. Mattke is the CEO of MGIC Investment Corporation, a key player in the mortgage insurance industry. He holds both a BS and MS in Accountancy from the University of Wisconsin-Madison, which sets a strong foundation for his expertise...

Current Market Cap

$6.55B

Number of Employees

627

Total Compensation

2019 - 2023

Trending up by 140.46% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 9.09% last year

Bonus

Down by -40.00% last year

Other

Up by 233.33% last year

Year

2023

Total Compensation

$2.08M

Salary

$600.00K

Board Justification

The compensation philosophy aligns with company performance, emphasizing performance-based pay and long-term incentives to retain top talent and align interests with shareholders.

Bonus

$180.00K

Board Justification

The bonus is based on the achievement of financial performance goals including return on equity, new insurance written, and insurance in force for the year 2023.

Other

$50.00K

Board Justification

Other compensation includes retirement plan contributions and health benefits.

Restricted Stock

$1.25M(50K RSU)

Board Justification

The stock that vested in 2023 was based on performance metrics related to cumulative adjusted book value per share growth over a three-year period.

Performance Metrics

Performance metrics include return on equity, new insurance written, and insurance in force.

SEC Filing

From March 22, 2024

Timothy J. Mattke

CEO of MGIC Investment Corp.

M

Education

BS and MS in Accountancy from the University of Wisconsin-Madison

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1976 - 48 years ago

Is Founder?

No

Current Tenure

5 years 3 months (Jul 2019 - Present)

Previous Experience

Executive Vice President and Chief Financial Officer since 2014

View Holdings

Insider Holdings of Timothy J. Mattke

MTG

$21.82M

$10.38M (90.64%)

Last Insider Trade

MTG

546,022 shares

MTG

Feb 21, 2024

Received