Form 4: MGIC Investment President Sells 10,931 Shares
Statement of Changes in Beneficial Ownership
Salvatore A. Miosi, President and COO of MGIC Investment Corp, sold 10,931 shares of common stock via a 10b5-1 plan.
Summary
- Salvatore A. Miosi, President and COO of MGIC Investment Corp (MTG), sold 10,931 shares of common stock.
- The sale was executed on April 1, 2026, at a weighted average price of $26.254 per share.
- The transaction was conducted under a pre-established Rule 10b5-1 trading plan adopted on March 6, 2025.
- Following the transaction, the reporting person retains beneficial ownership of 590,951.361 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and represents a small portion of the executive's total holdings.
Positives
- The sale was executed under a pre-planned Rule 10b5-1 trading plan, which typically indicates the sale is for personal financial management rather than a reaction to non-public information.
Negatives
- The sale represents a reduction in the equity stake held by a key executive, which may be perceived as a lack of long-term confidence by some market participants.
Risks
- The reporting person remains subject to market volatility regarding the remaining 590,951.361 shares held.
Future Outlook
No specific forward-looking guidance regarding company performance was provided in this filing.
Industry Context
StockSavvy.ai notes that executive stock sales under 10b5-1 plans are standard corporate practice and generally do not signal a change in company fundamentals or strategic direction.
Comparison to Industry Standards
- The use of Rule 10b5-1 plans is the industry standard for executives to sell shares while avoiding potential insider trading liability.
- The volume of shares sold is relatively minor compared to the total holdings of the executive, which is consistent with typical executive compensation and diversification strategies.
Stakeholder Impact
- Minimal impact expected on shareholders as the sale was conducted via a pre-arranged plan.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date the Rule 10b5-1 trading plan was adopted. |
| 04/01/2026 | Date of the reported stock sale transaction. |
| 04/02/2026 | Date the Form 4 was signed and filed. |
Keywords
MGIC Investment Corp, MTG, Insider Trading, Form 4, Salvatore Miosi, Stock Sale
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