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 approximately $27.035 per share under a pre-arranged trading plan.

Summary

• Salvatore A. Miosi, President & COO of MGIC Investment Corp (MTG), sold 30,000 shares of common stock.
• The transaction occurred on March 2, 2026, at a weighted average price of $27.035 per share.
• The shares were sold in multiple transactions within a price range of $26.320 to $27.260.
• The sale was executed under a Rule 10b5-1 trading plan adopted by Mr. Miosi on March 6, 2025.
• Following this transaction, Mr. Miosi directly beneficially owns 731,203.361 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event because the sale was conducted under a pre-arranged 10b5-1 plan, which typically mitigates concerns about opportunistic insider selling, though it still represents a reduction in insider ownership.

Negatives

• An insider sale, even under a 10b5-1 plan, can sometimes be perceived negatively by the market as it reduces the insider's direct equity exposure to the company.
• Salvatore A. Miosi, President & COO, sold 30,000 shares of common stock.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales, even when pre-scheduled under a 10b5-1 plan, are routinely monitored by investors for insights into management's perception of future company performance. While a 10b5-1 plan indicates the sale was pre-planned and not based on immediate material non-public information, the sheer volume of insider transactions across the financial services sector, particularly in mortgage insurance, can sometimes signal a shift in personal investment strategy or liquidity needs.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a signal, though the 10b5-1 plan context reduces negative implications.

Key Dates

Recommendation

The insider sale, while significant in volume, was executed under a pre-arranged 10b5-1 plan, suggesting it was not based on new, adverse material information. This type of transaction is often for personal financial planning and does not necessarily reflect a change in the insider's long-term view of the company's prospects. Therefore, a 'hold' recommendation is appropriate as this filing alone does not provide sufficient new information to alter an investment thesis.

Keywords

MGIC Investment Corp, MTG, Insider Sale, Form 4, Salvatore A. Miosi, 10b5-1 Plan, Common Stock, Officer Transaction