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.
FAQ
What did the MGIC (MTG) Form 4 filed by Salvatore Miosi disclose?
How many MGIC shares does Salvatore Miosi hold after the sale?
Was the sale a single trade or multiple trades?
When was the Rule 10b5-1 plan adopted for these transactions?
What is the reporting person's role at MGIC (MTG)?