MGIC (MTG) EVP Paula Maggio sells 20,937 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGIC Investment Corp executive Paula C. Maggio reported an open-market sale of 20,937 shares of Common Stock. The sale occurred on May 29, 2026 at a price of $25.55 per share, as EVP and General Counsel.
After this transaction, Maggio directly holds 169,619.68 shares of MGIC common stock and indirectly holds an additional 110,422 shares through an individual trust. The filing notes the transaction was executed under a Rule 10b5-1 trading plan adopted on February 27, 2026, indicating it was pre-arranged rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,937 shares ($534,940)
Net Sell
2 txns
Insider
Maggio Paula C
Role
EVP and General Counsel
Sold
20,937 shs ($535K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,937 | $25.55 | $535K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 169,619.68 shares (Direct, null);
Common Stock — 110,422 shares (Indirect, By an individual trust)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 20,937 shares
Sale price: $25.55 per share
Direct holdings after sale: 169,619.68 shares
+2 more
5 metrics
Shares sold
20,937 shares
Open-market sale on May 29, 2026
Sale price
$25.55 per share
Common Stock transaction
Direct holdings after sale
169,619.68 shares
Common Stock, post-transaction
Indirect holdings
110,422 shares
Held by an individual trust
Net shares sold
20,937 shares
Net buy/sell shares per summary
Key Terms
Form 4, Rule 10b5-1 trading plan, open-market sale, Common Stock
4 terms
Form 4 regulatory
"The transaction reported on this Form 4 was effected pursuant"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Rule 10b5-1 trading plan regulatory
"was effected pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action":"open-market sale","transaction_code_description"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
""security_title":"Common Stock","transaction_date""
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 MGIC Investment Corp (MTG) report for Paula C. Maggio?
MGIC reported that EVP and General Counsel Paula C. Maggio sold 20,937 shares of Common Stock on May 29, 2026 at $25.55 per share. The transaction was disclosed on a Form 4 insider trading report.
Was Paula C. Maggio’s MGIC (MTG) stock sale part of a trading plan?
Yes. The Form 4 states the transaction was effected under a Rule 10b5-1 trading plan adopted on February 27, 2026. Such plans pre-schedule trades, indicating the timing was arranged in advance rather than decided opportunistically.