Form 4: MGIC Investment Corp Executive Reports Stock Disposals to Cover Tax Obligations

Robert J. Candelmo, SVP-CIO of MGIC Investment Corp, disposed of shares to cover tax obligations arising from vesting restricted stock.

Summary

• Robert J. Candelmo, the SVP-CIO of MGIC Investment Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 28, 2024, Candelmo disposed of a total of 12,315 shares of common stock at a price of $19.39 per share to cover tax obligations.
• Following these transactions, Candelmo directly owns 172,178 shares of MGIC Investment Corp, with 90,876 of these shares held jointly with his spouse.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the market.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates