Form 4: MGIC COO Sells 30,000 Shares Under 10b5-1 Plan

MGIC Investment Corp's President & COO, Salvatore A. Miosi, sold 30,000 shares of common stock for $26.22 per share, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Salvatore A. Miosi, President & COO of MGIC Investment Corp (MTG), sold 30,000 shares of common stock.
• The sale occurred on August 1, 2025, at a weighted average price of $26.22 per share.
• Individual share prices ranged from $25.920 to $26.338.
• The transaction was executed under a Rule 10b5-1 trading plan adopted on March 6, 2025.
• Following the sale, Miosi directly owns 249,401.361 shares and indirectly owns 384,844 shares through a family trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While an insider sale can be perceived negatively, the execution under a Rule 10b5-1 plan mitigates concerns about the insider acting on non-public information. The officer also retains substantial direct and indirect ownership.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating it was not based on new, non-public information.
• Miosi retains significant direct and indirect ownership in the company, demonstrating continued alignment with shareholder interests.

Negatives

• An insider sale, even if pre-planned, reduces the insider's direct equity stake in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may observe a slight reduction in insider ownership, though the pre-planned nature of the sale minimizes negative signaling.

Key Dates

Recommendation

The insider sale by the President & COO, Salvatore A. Miosi, was conducted under a pre-arranged Rule 10b5-1 trading plan. This indicates the sale was for personal financial planning rather than a reaction to new, adverse company information. While it reduces insider ownership, the amount is not exceptionally large relative to the company's market capitalization, and Miosi retains significant direct and indirect holdings. Therefore, this specific transaction alone does not warrant a change in investment thesis, suggesting a 'hold' recommendation.

Keywords

MGIC Investment Corp, MTG, Insider Trading, Form 4, Stock Sale, Salvatore A. Miosi, 10b5-1 Plan, Corporate Officer, Equity Sales