Form 4: MGIC CEO Sells Shares for Tax Obligations

MGIC Investment Corp's CEO, Timothy J. Mattke, disposed of 307,644 shares of common stock to cover tax liabilities.

Summary

• Timothy J. Mattke, Chief Executive Officer and Director of MGIC Investment Corp (MTG), reported a transaction involving the company's common stock.
• On March 2, 2026, Mr. Mattke disposed of 307,644 shares of common stock at a price of $26.53 per share.
• The transaction code 'F' indicates that these shares were disposed of to satisfy tax withholding obligations related to the vesting of a restricted stock award or the exercise of a stock option.
• Following this transaction, Mr. Mattke beneficially owns 1,257,254.401 shares of MGIC Investment Corp common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction code 'F' indicates a non-discretionary sale for tax purposes, which is a common practice for executives receiving equity compensation and typically does not reflect a change in management's confidence in the company.

Future Outlook

This Form 4 filing reports a past insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings detailing insider transactions, particularly those with transaction code 'F' for tax withholding, are routine occurrences for executives who receive equity compensation. These transactions are generally non-discretionary and are not typically interpreted as a signal of management's sentiment regarding the company's future prospects.

Stakeholder Impact

• Shareholders: The disposal of shares for tax purposes by a CEO is a routine event and is unlikely to have a significant direct impact on existing shareholders or the company's operational performance.

Key Dates

Recommendation

A routine, non-discretionary sale of shares by an insider for tax withholding purposes (Transaction Code 'F') does not typically indicate a change in the company's fundamentals or the insider's long-term view. Therefore, this filing alone does not warrant a change in investment recommendation, and a 'hold' stance is maintained.

Keywords

MGIC Investment Corp, MTG, Timothy J. Mattke, CEO, Director, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Beneficial Ownership