MTG Form 4: President & COO sold 30,000 shares at $28.15
Rhea-AI Filing Summary
Salvatore A. Miosi, President & COO of MGIC Investment Corp (MTG), reported the sale of 30,000 shares of common stock on 10/01/2025 under a pre-existing trading plan. The shares were sold at a weighted average price of $28.1544 across multiple transactions that ranged from $28.035 to $28.3578. After the sale, Mr. Miosi directly beneficially owns 189,401.361 shares and indirectly holds 384,844 shares through a family trust. The Form 4 discloses the transaction was executed pursuant to a Rule 10b5-1 plan adopted on 03/06/2025.
Positive
- Transaction executed under a Rule 10b5-1 plan, indicating pre-scheduled sale adopted on 03/06/2025
- Reporting person retains substantial holdings: 189,401.361 direct and 384,844 indirect shares
Negative
- Insider disposed of 30,000 shares on 10/01/2025, reducing direct ownership
- Sale price range implies multiple transactions between $28.035 and $28.3578
Insights
Insider sold 30,000 shares under a Rule 10b5-1 plan.
The filing shows a routine, pre-scheduled disposal: 30,000 shares were sold on 10/01/2025 at a weighted average of $28.1544. The disclosure states the sale occurred under a Rule 10b5-1 trading plan adopted on 03/06/2025, which documents the pre-authorization of transactions.
The reporting person retains substantial holdings: 189,401.361 shares directly and 384,844 indirectly via a family trust, both figures shown on the Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,000 | $28.1544 | $845K |
| 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 $28.035 to $28.3578, 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.