Form 4: MGIC Investment Corp CEO Timothy J. Mattke Reports Stock Disposal
SEC Form 4 Filing
MGIC Investment Corporation's CEO, Timothy J. Mattke, reported the disposal of common stock on March 11, 2024, to cover tax obligations.
Summary
- On March 11, 2024, Timothy J. Mattke, the CEO of MGIC Investment Corporation, reported a transaction involving the disposal of common stock.
- The transaction involved the disposal of 256,631 shares of common stock at a price of $19.75 per share.
- This disposal was likely to cover tax obligations.
- Following the transaction, Mattke directly owns 883,682 shares of MGIC Investment Corporation.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock disposal transaction |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.