Form 4: MGIC Investment Corp. President & COO Sells Shares Under Pre-Arranged 10b5-1 Plan

MGIC Investment Corp.'s President & COO, Salvatore A. Miosi, sold 30,000 shares of common stock for a weighted average price of $28.152 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Salvatore A. Miosi, President & COO of MGIC Investment Corp. (MTG), reported the sale of 30,000 shares of common stock.
• The transaction occurred on July 1, 2025, at a weighted average price of $28.152 per share.
• The shares were sold in multiple transactions with prices ranging from $27.80 to $28.34, inclusive.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Miosi on March 6, 2025.
• Following the reported transaction, Salvatore A. Miosi directly beneficially owns 279,401.361 shares of common stock.
• Additionally, Mr. Miosi indirectly beneficially owns 384,844 shares through a family trust.

Sentiment

Score: 5

Explanation: The sale of shares by a key executive, while reducing direct ownership, was conducted under a pre-arranged 10b5-1 trading plan, which mitigates the negative perception often associated with insider selling, leading to a neutral sentiment.

Positives

• The transaction was conducted under a Rule 10b5-1 trading plan, which indicates a pre-scheduled sale and enhances transparency, mitigating the perception of opportunistic insider trading.

Negatives

• Salvatore A. Miosi, a key executive, reduced his direct beneficial ownership in MGIC Investment Corp. by selling 30,000 shares.

Related Party Transactions

• Salvatore A. Miosi holds 384,844 shares indirectly through a family trust.

Stakeholder Impact

• Shareholders may note a reduction in direct insider ownership, though the pre-planned nature of the sale under a 10b5-1 plan provides transparency regarding the executive's trading activity.

Key Dates

Keywords

MGIC Investment Corp., MTG, Salvatore A. Miosi, Insider Sale, Form 4, 10b5-1 Plan, Common Stock, Executive Compensation