4/A: CEO Mattke Amends Share Withholding for Tax

MGIC Investment Corp's CEO, Timothy J. Mattke, filed an amended Form 4 to correct a clerical error in shares withheld for tax obligations.

Summary

• Timothy J. Mattke, Chief Executive Officer and Director of MGIC Investment Corp (MTG), filed an amended Form 4 (Form 4/A).
• The amendment corrects a clerical error in the number of shares withheld to satisfy tax obligations related to shares that vested on March 2, 2026.
• The original Form 4, filed on March 3, 2026, incorrectly reported 307,644 shares withheld.
• The corrected number of shares withheld is 307,691, at a price of $26.53 per share.
• This correction results in a decrease in the total amount of shares beneficially owned by Mr. Mattke to 1,257,207.401 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing correcting a minor clerical error in an insider transaction, with no material impact on company fundamentals or outlook.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4/A filings are routine administrative corrections for insider transactions and typically do not reflect broader industry trends or competitive dynamics. This specific filing is a minor adjustment to a tax withholding calculation.

Stakeholder Impact

• Shareholders: Minor adjustment to CEO's beneficial ownership, no material impact on overall shareholder value.

Key Dates

Recommendation

The filing is an administrative correction of a clerical error related to an insider's tax withholding. It does not provide any new fundamental information about the company's performance, strategy, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as existing investment theses remain unchanged.

Keywords

MGIC Investment Corp, MTG, Timothy J. Mattke, Form 4/A, SEC filing, insider transaction, share withholding, tax obligations, beneficial ownership