MGIC (NYSE: MTG) president sells 30K shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGIC Investment Corp President & COO Salvatore A. Miosi sold 30,000 shares of common stock in an open-market transaction at a weighted average price of $27.035 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on 03/06/2025, and he now holds 731,203.361 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 30,000 shares ($811,050)
Net Sell
1 txn
Insider
Miosi Salvatore A
Role
President & COO
Sold
30,000 shs ($811K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,000 | $27.035 | $811K |
Holdings After Transaction:
Common Stock — 731,203.361 shares (Direct)
Footnotes (1)
- The transaction 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 $26.320 to $27.260, inclusive. The reporting person undertakes to provide MGIC Investment Corporation, any security holder of MGIC Investment Corporation, or the staff of the Securities and Exchanged 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 did MGIC Investment Corp (MTG) insider Salvatore Miosi report on this Form 4?
Salvatore A. Miosi reported selling 30,000 MGIC common shares in an open-market transaction. The sale used a weighted average price of $27.035 per share, and followed a pre-arranged Rule 10b5-1 trading plan already on file with the company.
Was the MGIC (MTG) insider trade by Salvatore Miosi under a Rule 10b5-1 plan?
Yes. The sale was effected under a Rule 10b5-1 trading plan adopted by Salvatore A. Miosi on 03/06/2025. Such plans schedule trades in advance, providing a structured framework for insider transactions over time.
What type of transaction did MGIC (MTG) insider Salvatore Miosi execute?
He executed an open-market sale of MGIC common stock, coded as “S” for a sale transaction. The filing describes it as a sale in open market or private transaction, using a weighted average price to summarize multiple individual trades.