Form 4: MGIC Investment Corp Executive Sells Shares Under Pre-Arranged Trading Plan

Paula C. Maggio, EVP and General Counsel of MGIC Investment Corp, sold 20,000 shares of common stock for approximately $529,728 under a Rule 10b5-1 trading plan.

Summary

• Paula C. Maggio, Executive Vice President and General Counsel of MGIC Investment Corp (MTG), reported the sale of 20,000 shares of common stock.
• The transaction occurred on May 30, 2025.
• The shares were sold at a weighted average price of $26.4864 per share, with individual sales ranging from $26.3765 to $26.5872.
• The total value of the shares sold is approximately $529,728.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Ms. Maggio on February 28, 2025.
• Following the transaction, Ms. Maggio directly beneficially owns 157,394.68 shares and indirectly owns 110,422 shares through an individual trust.

Sentiment

Score: 6

Explanation: The sale of shares by an executive is generally viewed as neutral to slightly negative. However, the fact that it was conducted under a Rule 10b5-1 plan mitigates negative sentiment, as it indicates a pre-scheduled liquidity event rather than a reaction to adverse company-specific news.

Positives

• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned liquidity event rather than a reaction to recent company performance or news.

Negatives

• An insider sale, even if pre-planned, reduces the executive's direct equity stake in the company.

Future Outlook

N/A This Form 4 filing reports an insider transaction and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis within the mortgage insurance sector.

Related Party Transactions

• The transaction involves the sale of common stock by Paula C. Maggio, an Executive Vice President and General Counsel of MGIC Investment Corp, which is considered an insider transaction.

Stakeholder Impact

• Shareholders: The sale of 20,000 shares by a key executive slightly reduces insider ownership, which could be perceived as a minor negative, though the 10b5-1 plan mitigates concerns about opportunistic selling.

Key Dates

Keywords

MGIC Investment Corp, MTG, Form 4, Insider Trading, Share Sale, Executive Compensation, Rule 10b5-1, Paula C. Maggio, Common Stock