Form 4: MGIC EVP Sells Shares Under Pre-Arranged 10b5-1 Plan

MGIC Investment Corp's EVP and General Counsel, Paula C. Maggio, sold 20,000 shares of common stock for a weighted average price of $27.441 per share under a pre-arranged trading plan.

Summary

• Paula C. Maggio, Executive Vice President and General Counsel of MGIC Investment Corp (MTG), reported a sale of common stock.
• The transaction involved the disposition of 20,000 shares of common stock on October 31, 2025.
• The shares were sold at a weighted average price of $27.441 per share, with prices ranging from $27.308 to $27.670.
• 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 117,394.68 shares and indirectly owns 110,422 shares through an individual trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it's an insider sale, the execution under a pre-arranged 10b5-1 plan mitigates concerns about opportunistic selling, indicating a planned financial management activity rather than a reaction to new negative information.

Positives

• The transaction was conducted under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not based on immediate, non-public information, which enhances transparency and reduces concerns about opportunistic insider trading.

Negatives

• An executive selling shares reduces their direct ownership stake in the company, which some investors might interpret as a slight reduction in alignment of interests, even if planned.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide information directly related to broader industry trends or competitive landscape. Insider sales under 10b5-1 plans are common across various industries as executives manage personal finances.

Corporate Governance

Stakeholder Impact

• Shareholders: May view the sale as a routine personal financial management activity due to the 10b5-1 plan, rather than a negative signal about the company's prospects. However, it does slightly reduce executive ownership alignment.

Key Dates

Recommendation

This Form 4 filing reports a routine, pre-scheduled insider stock sale by an EVP. Such transactions, especially when conducted under a Rule 10b5-1 plan, are generally not considered a strong signal for a change in investment recommendation. The sale is likely for personal financial planning and does not indicate a fundamental shift in the company's outlook. Therefore, a 'hold' recommendation is appropriate, as this single event does not provide sufficient new information to warrant a 'buy' or 'sell' decision.

Keywords

MGIC Investment Corp, MTG, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Executive Compensation, Common Stock