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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,000 | $29.132 | $874K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 03/06/2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.849 to $29.295, inclusive. The reporting person undertakes to provide MGIC Investment Corporation, any security holder of MGIC Investment Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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.
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.
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.