Form 4: MGIC Investment Corp: Executive Trades Common Stock
Insider Transaction Report
Paula C. Maggio, EVP and General Counsel of MGIC Investment Corp, reported a transaction involving common stock.
Summary
- Paula C. Maggio, Executive Vice President and General Counsel of MGIC Investment Corp (MTG), reported a transaction on May 29, 2026.
- The transaction involved the acquisition of 20,937 shares of common stock at a price of $25.55 per share, totaling $169,619.68.
- Following this transaction, Ms. Maggio beneficially owns 169,619.68 shares of common stock directly.
- Additionally, 110,422 shares are held indirectly by an individual trust.
- This transaction was executed under a Rule 10b5-1 trading plan adopted on February 27, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing. While it's a routine insider transaction under a pre-planned strategy, the acquisition of shares by a key executive can signal confidence.
Positives
- The transaction was executed under a pre-established Rule 10b5-1 trading plan, indicating a planned and systematic approach to stock transactions rather than opportunistic trading.
- The acquisition of shares by a key executive can be interpreted as a positive signal of confidence in the company's future prospects.
Future Outlook
The filing itself does not contain forward-looking statements or guidance. It solely reports a past transaction.
Industry Context
StockSavvy.ai notes that insider transactions, particularly those under Rule 10b5-1 plans, are common in the financial services industry as executives manage their personal portfolios. The acquisition of shares by a senior executive like the EVP and General Counsel can be seen as a positive indicator of internal confidence in MGIC Investment Corp's stability and growth potential within the mortgage insurance sector.
Stakeholder Impact
- Shareholders: The acquisition by an executive may be viewed positively, suggesting confidence in the company's value, but the impact is likely minimal given it's a planned trade.
- Employees: May interpret the executive's action as a sign of company strength.
- Creditors: The transaction does not directly impact the company's financial obligations or creditworthiness.
Key Dates
| Date | Description |
|---|---|
| 02/27/2026 | Date Rule 10b5-1 trading plan was adopted by the reporting person. |
| 05/29/2026 | Date of the reported transaction (acquisition of common stock). |
| 06/01/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
MGIC Investment Corp, MTG, Form 4, Insider Trading, Common Stock, Rule 10b5-1, Executive Transaction, Beneficial Ownership
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