Form 4: MGIC Investment Corp Executive Paula C Maggio Reports Stock Disposal
SEC Form 4 Filing
Paula C Maggio, EVP and General Counsel of MGIC Investment Corp, reports disposing of shares to cover tax obligations.
Summary
- On February 28, 2025, Paula C Maggio, EVP and General Counsel of MGIC Investment Corp, filed a Form 4.
- The form reports the disposal of 59,207 shares of common stock at a price of $24.27 per share to cover tax obligations.
- Following the transaction, Maggio directly owns 200,920.68 shares of common stock and indirectly owns 86,896 shares through an individual trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing represents a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. This provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the sale of shares by an executive, but it is likely insignificant given the context of tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction and filing of Form 4 |
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