Form 4: MGIC Investment Corp Executive Vice President & CFO Reports Stock Disposal

Nathaniel H. Colson, Executive Vice President & CFO of MGIC Investment Corp, disposed of 73,324 shares of common stock on March 11, 2024, to cover tax obligations.

Summary

• On March 11, 2024, Nathaniel H. Colson, the Executive Vice President & CFO of MGIC Investment Corp, disposed of 73,324 shares of common stock.
• The transaction was executed at a price of $19.75 per share.
• Following the transaction, Colson directly owns 142,187 shares of MGIC Investment Corp.
• The disposal was related to covering tax obligations.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an insider transaction. The sale appears to be related to tax obligations, which is a common reason for such transactions and doesn't necessarily indicate a negative outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The transaction could have a minor impact on shareholders if it influences the stock price, although tax-related sales are usually viewed as routine.

Key Dates