MGIC executive corrects tax share withholding
MGIC Investment Corp President & COO Salvatore A. Miosi filed an amended Form 4 to correct a prior tax withholding entry tied to share vesting on March 2, 2026.
Rhea-AI Filing Summary
MGIC Investment Corp President & COO Salvatore A. Miosi filed an amended Form 4 to correct a prior tax withholding entry tied to share vesting on March 2, 2026. The amendment reports that 129,321 shares of Common Stock were disposed of to satisfy tax withholding obligations, a non-market transaction classified as a tax-withholding disposition.
The earlier Form 4 had shown 129,302 shares withheld due to a clerical error in the calculation. After this correction, Miosi directly beneficially owns 601,882.361 shares of MGIC Investment Corp common stock. The event reflects routine payroll tax handling rather than an open-market sale.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 129,321 | $26.53 | $3.43M |
Footnotes (1)
- F1. The reporting person's Form 4, filed on March 3, 2026, reported that 129,302 shares were withheld to satisfy tax withholding obligations in connection with shares that vested on March 2, 2026. Due to a clerical error, the number of shares to be withheld was incorrectly calculated. This Form 4 corrects such error, including by decreasing the total amount of shares beneficially owned by the reporting person.
FAQ
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What insider transaction did MGIC Investment (MTG) report for Salvatore A. Miosi?
Why did MGIC Investment (MTG) file an amended Form 4 for Salvatore Miosi?
Was the MGIC Investment (MTG) insider transaction an open-market sale?
What specific error did the original MGIC Investment (MTG) Form 4 contain?
How does the MGIC Investment (MTG) Form 4/A describe the nature of the insider transaction?
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