Form 4: MGIC Investment Corp Executive Candelmo Reports Stock Disposals for Tax Obligations
SEC Filing
Robert J. Candelmo, SVP-CIO of MGIC Investment Corp, reports disposals of common stock to cover tax obligations.
Summary
- Robert J. Candelmo, a Senior Vice President and CIO at MGIC Investment Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 11, 2024, Candelmo disposed of 10,997, 2,750, and 3,056 shares of common stock at a price of $19.75 per share.
- These disposals were likely to cover tax obligations.
- Following these transactions, Candelmo directly owns 155,375 shares of MGIC Investment Corp.
- 90,876 of these shares are held jointly with his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with a neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares on the market.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock disposal transactions |
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