4/A: MGIC Investment Corp Executive Corrects Stock Transaction Reporting Error

Paula C. Maggio, EVP and General Counsel of MGIC Investment Corp, files an amended Form 4 to correct a clerical error in the number of shares withheld for tax obligations.

Summary

• Paula C. Maggio, EVP and General Counsel of MGIC Investment Corp, filed an amended Form 4 on March 15, 2024, to correct a previously filed form from March 11, 2024.
• The amendment addresses a clerical error in the calculation of shares withheld to satisfy tax obligations related to shares awarded on March 1, 2021, and vested on March 11, 2024.
• The corrected filing reflects that 69,112 shares were withheld at a price of $19.75, resulting in a revised total of 197,318 shares beneficially owned by Maggio.
• The original filing incorrectly reported that 73,324 shares were withheld.

Sentiment

Score: 7

Explanation: The document is a routine correction of a clerical error in a regulatory filing. It doesn't indicate any fundamental issues with the company, but the error itself is slightly negative.

Negatives

• A clerical error was made in the initial calculation of shares withheld for tax obligations.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies.

Stakeholder Impact

• The correction ensures accurate information is available to shareholders and the public.

Key Dates