MGIC Investment Corp (MTG) officer reports 30,000-share Rule 10b5-1 sale
Rhea-AI Filing Summary
MGIC Investment Corporation's President and COO reported a planned sale of company stock under a Rule 10b5-1 trading plan. On 01/02/2026, the reporting officer sold 30,000 shares of MGIC common stock at a weighted average price of $29.132 per share, with individual sale prices ranging from $28.849 to $29.295. The transaction was effected pursuant to a Rule 10b5-1 plan adopted on 03/06/2025. After this sale, the officer beneficially owned 99,401.361 shares directly and 384,844 shares indirectly through a family trust.
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FAQ
What insider transaction did MGIC Investment Corp (MTG) disclose?
MGIC Investment Corp disclosed that its President and COO sold 30,000 shares of common stock on 01/02/2026 in an open market transaction.
At what price were the MGIC (MTG) shares sold in this insider trade?
The 30,000 shares were sold at a weighted average price of $29.132 per share, with individual trades executed between $28.849 and $29.295.
Was the MGIC (MTG) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the transaction was effected under a Rule 10b5-1 trading plan that the reporting person adopted on 03/06/2025.
How many MGIC (MTG) shares does the insider own after the reported transaction?
Following the sale, the officer beneficially owned 99,401.361 shares directly and 384,844 shares indirectly through a family trust.
What is the reporting person’s role at MGIC Investment Corp (MTG)?
The reporting person is an officer of MGIC Investment Corp, serving as President & COO.
Does the Form 4 indicate whether multiple transactions occurred within the price range?
Yes. The filing explains that the reported price is a weighted average for shares sold in multiple transactions within the $28.849–$29.295 range.