Form 4: MGIC Investment Corp Executive Julie K. Sperber Reports Stock Disposals
SEC Form 4 Filing
Julie K. Sperber, VP-Chief Accounting Officer of MGIC Investment Corp, reported the disposal of common stock on February 28, 2024, to cover tax obligations.
Summary
- On February 28, 2024, Julie K. Sperber, VP-Chief Accounting Officer of MGIC Investment Corp, reported the disposal of common stock.
- The transactions involved the disposal of 922, 848, 923, and 796 shares of common stock at a price of $19.39 per share.
- These disposals were likely to cover tax obligations related to vesting of stock awards or similar events.
- Following these transactions, Sperber directly owns 81,315 shares of MGIC Investment Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The stock disposal by an officer could be perceived as slightly negative by shareholders, although it is likely for tax purposes and not indicative of a lack of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock disposal transactions |
| 02/29/2024 | Date of signature on the report |
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