Main Street Capital (MAIN) executive adds shares through dividend reinvestment plan
Rhea-AI Filing Summary
Main Street Capital CORP officer David L. Magdol, President, CIO and SMD, reported acquiring two blocks of common stock on 15 April 2026, totaling 117.6488 shares at prices of $57.6300 and $56.3900 per share through a dividend reinvestment plan; he now holds 440,554.9913 shares directly.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 117.6488 shares
Net Buy
2 txns
Insider
Magdol David L.
Role
PRESIDENT, CIO AND SMD
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 59.7819 | $57.63 | $3K |
| Other | Common Stock | 57.8669 | $56.39 | $3K |
Holdings After Transaction:
Common Stock — 440,554.9913 shares (Direct)
Footnotes (1)
- F1. The reporting person acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.
Key Figures
Shares acquired (block 1): 59.7819 shares
Shares acquired (block 2): 57.8669 shares
Total shares acquired in J-code transactions: 117.6488 shares
+1 more
4 metrics
Shares acquired (block 1)
59.7819 shares
Common Stock acquired on 2026-04-15 at $57.6300 per share (J code)
Shares acquired (block 2)
57.8669 shares
Common Stock acquired on 2026-04-15 at $56.3900 per share (J code)
Total shares acquired in J-code transactions
117.6488 shares
Reported restructuringShares for J-code transactions on 2026-04-15
Direct holdings after transactions
440,554.9913 shares
Canonical post-transaction holding of Common Stock held directly by David L. Magdol
Key Terms
dividend reinvestment plan, Section 16, Rule 16a-11, non-derivative
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
"dividend reinvestment 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
"transaction exempt from Section 16 under Rule 16a-11"
non-derivative financial
"transaction_type is listed as non-derivative for the Common Stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MAIN’s David L. Magdol report?
David L. Magdol reported acquiring 117.6488 shares of Main Street Capital CORP common stock on 15 April 2026 via two J-code transactions, characterized as other acquisitions and tied to a dividend reinvestment plan exempt from Section 16 under Rule 16a-11.
What does the J transaction code mean in MAIN’s Form 4?
The J code in this Form 4 indicates an “Other acquisition or disposition”. Here, both J-code entries are classified as acquisitions of non-derivative common stock, with the filing noting they occurred under a dividend reinvestment plan exempt under Rule 16a-11.