Form 4: MGIC EVP Sells 20,000 Shares Under 10b5-1 Plan

MGIC Investment Corp's EVP and General Counsel, Paula C. Maggio, sold 20,000 shares of common stock for approximately $27.51 per share under a pre-arranged trading plan.

Summary

• Paula C. Maggio, Executive Vice President and General Counsel of MGIC Investment Corp (MTG), disposed of 20,000 shares of common stock.
• The transaction occurred on February 6, 2026, at a weighted average price of $27.508 per share.
• The shares were sold in multiple transactions within a price range of $27.235 to $27.790.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Ms. Maggio on February 28, 2025.
• Following the transaction, Ms. Maggio directly beneficially owns 114,688.68 shares and indirectly owns 110,422 shares through an individual trust.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While an insider sale can sometimes be a negative signal, the execution under a pre-arranged 10b5-1 plan reduces concerns about opportunistic selling, indicating planned financial management rather than a reaction to adverse company-specific news.

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 insider sales, particularly by high-ranking executives, can sometimes be perceived negatively by the market as they might suggest a lack of confidence. However, sales executed under a Rule 10b5-1 trading plan, as in this case, are pre-scheduled and often for personal financial planning reasons, thereby mitigating the negative signaling effect typically associated with open market insider sales.

Stakeholder Impact

• Shareholders: May observe a minor shift in insider ownership, but the 10b5-1 plan context generally limits negative interpretations.
• Employees: No direct impact indicated by this filing.

Key Dates

Recommendation

Based solely on this Form 4 filing, which reports a pre-scheduled insider stock sale, there is insufficient information to warrant a change from a 'hold' recommendation. The sale under a 10b5-1 plan suggests personal financial planning rather than a reflection of the company's immediate prospects, thus not providing a strong signal for either buying or selling.

Keywords

MGIC Investment Corp, MTG, Insider Sale, Form 4, 10b5-1 Plan, Executive Stock Sale, Paula C. Maggio, Common Stock