MGIC CEO disposes shares for tax withholding
MGIC Investment Corp's Chief Executive Officer Timothy J. Mattke reported a tax-related share disposition.
Rhea-AI Filing Summary
MGIC Investment Corp's Chief Executive Officer Timothy J. Mattke reported a tax-related share disposition. On this Form 4, 307,644 shares of common stock were withheld at a price of $26.53 per share to satisfy tax obligations, leaving him with 1,257,254.401 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 307,644 shares
Exercise Price or Tax Liability
1 txn
Insider
Mattke Timothy J.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 307,644 | $26.53 | $8.16M |
Holdings After Transaction:
Common Stock — 1,257,254.401 shares (Direct)
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MGIC Investment Corp (MTG) report on this Form 4?
MGIC Investment Corp reported that CEO Timothy J. Mattke had 307,644 shares of common stock disposed of in a tax-withholding transaction. The shares were used to satisfy tax obligations associated with equity compensation, rather than being sold in an open-market trade.
Does the MGIC (MTG) Form 4 indicate an open-market sale by the CEO?
The Form 4 uses transaction code F, described as payment of a tax liability by delivering securities. This indicates shares were withheld or delivered for taxes, not executed as a traditional open-market sale initiated for portfolio or liquidity reasons.
What does transaction code F mean in the MGIC (MTG) CEO’s Form 4 filing?
Transaction code F means the disposition was for payment of an exercise price or tax liability by delivering securities. In this case, 307,644 MGIC common shares were used to satisfy the CEO’s tax obligation tied to his equity award.
AI-generated analysis. How Rhea-AI works. Not financial advice.