Main Street Capital (NYSE: MAIN) EVP reports dividend reinvestment trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Main Street Capital Corp EVP Jason B. Beauvais reported a routine dividend reinvestment transaction in company stock. On the transaction date, he acquired 98.724 shares of Common Stock at an indicated price of $56.38 per share through a dividend reinvestment plan exempt from Section 16 under Rule 16a-11.
Following this plan-related transaction, Beauvais directly holds a total of 202,904.5779 shares of Main Street Capital Corp Common Stock. This filing reflects an automatic reinvestment of dividends rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Beauvais Jason B
Role
EVP, GC, SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 98.724 | $56.38 | $6K |
Holdings After Transaction:
Common Stock — 202,904.578 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend reinvestment shares: 98.724 shares
Implied transaction price: $56.38 per share
Post-transaction holdings: 202,904.5779 shares
3 metrics
Dividend reinvestment shares
98.724 shares
Common Stock acquired under dividend reinvestment plan
Implied transaction price
$56.38 per share
Price used for dividend reinvestment acquisition
Post-transaction holdings
202,904.5779 shares
Common Stock directly held after transaction
Key Terms
dividend reinvestment plan, Section 16, Rule 16a-11, Common Stock
4 terms
dividend reinvestment plan financial
"The reporting person acquired these shares under a dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Section 16 regulatory
"transaction exempt from Section 16 under Rule 16a-11"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-11 regulatory
"dividend reinvestment transaction exempt from Section 16 under Rule 16a-11"
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did MAIN executive Jason B. Beauvais report?
Jason B. Beauvais reported acquiring 98.724 Main Street Capital CORP common shares through a dividend reinvestment plan. The transaction used a price of $56.38 per share and is classified as an other acquisition or disposition rather than an open-market trade.
Was the MAIN insider transaction an open-market buy or sell?
The MAIN insider transaction was not an open-market buy or sell. Footnotes state Beauvais acquired the 98.724 shares under a dividend reinvestment plan, a routine mechanism where cash dividends are automatically used to purchase additional shares.
What does Rule 16a-11 mean for this MAIN dividend reinvestment?
The footnote explains the dividend reinvestment transaction is exempt from Section 16 under Rule 16a-11. This rule treats certain automatic dividend reinvestment plan acquisitions as exempt, reflecting that they are routine, pre-arranged transactions rather than discretionary insider trades.
What role does Jason B. Beauvais hold at Main Street Capital CORP (MAIN)?
Jason B. Beauvais serves as Executive Vice President, General Counsel, and Secretary at Main Street Capital CORP. His Form 4 filing reports a routine dividend reinvestment acquisition of common stock rather than an open-market purchase or sale.