Form 4: MGIC Investment Corp Executive Vice President and General Counsel Reports Stock Disposal

Paula C. Maggio, EVP and General Counsel of MGIC Investment Corp, reports the disposal of 73,324 shares of common stock to cover tax obligations.

Summary

• On March 11, 2024, Paula C. Maggio, the Executive Vice President and General Counsel of MGIC Investment Corp, disposed of 73,324 shares of common stock.
• The transaction was executed at a price of $19.75 per share.
• This disposal was likely to cover tax obligations related to vesting equity.
• Following the transaction, Maggio directly owns 193,106 shares of MGIC Investment Corp.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to executive compensation and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. They can be driven by various factors, including personal financial planning, tax obligations, and diversification strategies. It is important to consider the context of the transaction and the individual's overall holdings in the company when interpreting the significance of the transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a relatively small percentage of the total outstanding shares.

Key Dates