MGIC Investment (NYSE: MTG) COO updates Form 4 tax-withheld shares
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
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 129,321 shares
Net Sell
1 txn
Insider
Miosi Salvatore A
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 129,321 | $26.53 | $3.43M |
Holdings After Transaction:
Common Stock — 601,882.361 shares (Direct)
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.
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FAQ
What insider transaction did MGIC Investment (MTG) report for Salvatore A. Miosi?
MGIC Investment reported that President & COO Salvatore A. Miosi had 129,321 common shares withheld to cover tax obligations on vested shares dated March 2, 2026. This was a tax-withholding disposition, not an open-market stock sale.
Why did MGIC Investment (MTG) file an amended Form 4 for Salvatore Miosi?
The amended Form 4 corrects a clerical error in an earlier filing that understated tax-withheld shares by 19. It updates the withheld amount to 129,321 shares and adjusts Miosi’s reported beneficial ownership accordingly.
Was the MGIC Investment (MTG) insider transaction an open-market sale?
No, the transaction was classified as a tax-withholding disposition under code F, meaning shares were delivered to cover tax liabilities on vested stock. It did not represent a discretionary open-market sale of MGIC Investment shares by Salvatore Miosi.
What specific error did the original MGIC Investment (MTG) Form 4 contain?
The original Form 4 reported that 129,302 shares were withheld for taxes when shares vested on March 2, 2026. The amended filing states the correct figure is 129,321 shares, adjusting Miosi’s total beneficially owned shares downward.
How does the MGIC Investment (MTG) Form 4/A describe the nature of the insider transaction?
The Form 4/A describes the event as a payment of tax liability by delivering securities, coded F. It clarifies that the change stems from correcting a miscalculated withholding amount, rather than from new buying or selling activity in the market.