4/A: MGIC EVP Corrects Form 4 Tax Withholding Error
Amendment to Beneficial Ownership Statement
MGIC Investment Corp's EVP and General Counsel, Paula C. Maggio, filed an amended Form 4 to correct a clerical error in previously reported tax withholding shares.
Summary
- Paula C. Maggio, EVP and General Counsel of MGIC Investment Corp (MTG), filed a Form 4/A to amend a previous Form 4 filed on March 3, 2026.
- The amendment corrects a clerical error in the number of shares withheld to satisfy tax withholding obligations related to shares that vested on March 2, 2026.
- The original Form 4 incorrectly reported 61,061 shares withheld, while the corrected amount is 61,070 shares.
- This correction results in a decrease in the total amount of shares beneficially owned directly by the reporting person.
- Following the corrected transaction, Paula C. Maggio directly owns 190,556.68 shares of Common Stock and indirectly owns 110,422 shares through an individual trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. While an initial error occurred, the prompt correction demonstrates good governance and transparency, offsetting any minor negative sentiment from the error itself.
Positives
- The company and reporting person demonstrated transparency and diligence by promptly correcting a clerical error in a public filing.
Negatives
- A clerical error occurred in the initial Form 4 filing, requiring an amendment.
Future Outlook
This filing 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/A filings are routine for correcting administrative errors in insider transaction reports and typically do not reflect broader industry trends or competitive shifts. This specific filing pertains to an individual executive's share ownership correction.
Stakeholder Impact
- Shareholders: Minimal impact, as it corrects a minor clerical error in an executive's reported share ownership, not affecting company operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 03/02/2026 | Date of earliest transaction (shares vested and were withheld for tax obligations). |
| 03/03/2026 | Date the original Form 4 was filed, containing the clerical error. |
| 03/20/2026 | Date the amended Form 4/A was filed to correct the error. |
Keywords
Form 4/A, beneficial ownership, tax withholding, clerical error, MGIC Investment Corp, MTG, insider trading, executive compensation
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