Main Street Capital (MAIN) VP gets 7,254-share award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Main Street Capital Corp VP, CAO & Assistant Treasurer Ryan McHugh reported several stock transactions involving the company’s common stock. On April 1, he received a grant of 7,254 shares issued under the Main Street Capital Corporation 2022 Equity and Incentive Plan, increasing his direct holdings.
On the same date, 780 shares were withheld at $52.96 per share to cover tax liabilities upon vesting of restricted shares, a non‑market disposition approved by the board’s Compensation Committee. Additional smaller transactions in March reflect other acquisitions or dispositions, including shares acquired through a dividend reinvestment plan under an exemption from Section 16. After these transactions, McHugh directly holds 19,721.0019 shares of Main Street Capital common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
McHugh Ryan
Role
VP, CAO & Assistant Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,254 | $0.00 | -- |
| Tax Withholding | Common Stock | 780 | $52.96 | $41K |
| Other | Common Stock | 27.13 | $52.92 | $1K |
| Other | Common Stock | 31.348 | $52.92 | $2K |
| Other | Common Stock | 22.66 | $54.66 | $1K |
| Other | Common Stock | 26.179 | $54.66 | $1K |
Holdings After Transaction:
Common Stock — 20,501.002 shares (Direct)
Footnotes (1)
- 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. Shares issued under the Main Street Capital Corporation 2022 Equity and Incentive Plan. Shares withheld for payment of tax liability upon vesting of restricted shares granted under the Main Street Capital Corporation 2022 Equity and Incentive Plan. This withholding transaction was approved by the Compensation Committee of Main Street's Board of Directors in accordance with Rule 16b-3(d)(1) of the Securities Exchange Act of 1934 (the "Act"), and as such, the sale is exempt from section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
Key Figures
Equity grant: 7,254 shares
Tax withholding shares: 780 shares at $52.96
Post-transaction holdings: 19,721.0019 shares
+1 more
4 metrics
Equity grant
7,254 shares
Common stock issued under 2022 Equity and Incentive Plan on April 1
Tax withholding shares
780 shares at $52.96
Shares withheld for tax liability on vesting of restricted shares
Post-transaction holdings
19,721.0019 shares
Directly held Main Street Capital common stock after April 1 transactions
Restructuring-related shares
107.317 shares
Total shares from other March J-code transactions at prices around $52.92–$54.66
Key Terms
dividend reinvestment plan, Main Street Capital Corporation 2022 Equity and Incentive Plan, Rule 16a-11, Rule 16b-3, +1 more
5 terms
dividend reinvestment plan financial
"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."
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.
Main Street Capital Corporation 2022 Equity and Incentive Plan financial
"Shares issued under the Main Street Capital Corporation 2022 Equity and Incentive Plan."
Rule 16a-11 regulatory
"dividend reinvestment transaction exempt from Section 16 under Rule 16a-11."
Rule 16b-3 regulatory
"approved by the Compensation Committee ... in accordance with Rule 16b-3(d)(1) of the Securities Exchange Act of 1934"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What did Main Street Capital (MAIN) executive Ryan McHugh report in this Form 4?
Ryan McHugh reported multiple transactions in Main Street Capital common stock. These include a 7,254‑share equity grant, 780 shares withheld for taxes on vesting, and smaller March transactions tied to other acquisitions or dispositions, leaving him with 19,721.0019 shares directly held.
What role did the 2022 Equity and Incentive Plan play in Ryan McHugh’s MAIN transactions?
The 2022 Equity and Incentive Plan was the source of the 7,254-share grant to Ryan McHugh. Restricted shares granted under this plan later vested, triggering the 780-share tax withholding transaction, which was approved under Rule 16b-3 as part of standard equity compensation administration.
How were dividend reinvestment transactions reflected in Ryan McHugh’s MAIN Form 4?
Some shares were acquired under a dividend reinvestment plan, described as dividend reinvestment transactions exempt from Section 16 under Rule 16a-11. These appear as small March transactions coded as “other acquisition or disposition,” adding modestly to his overall Main Street Capital share position.