MGIC EVP covers taxes with 61K MTG shares
MGIC Investment Corp EVP and General Counsel Paula C. Maggio reported a tax-withholding disposition of 61,061 shares of common stock at $26.53 per share.
Rhea-AI Filing Summary
MGIC Investment Corp EVP and General Counsel Paula C. Maggio reported a tax-withholding disposition of 61,061 shares of common stock at $26.53 per share. After this withholding, she directly owns 190,565.68 shares, with an additional 110,422 shares held indirectly through an individual trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 61,061 shares
Exercise Price or Tax Liability
2 txns
Insider
Maggio Paula C
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 61,061 | $26.53 | $1.62M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 190,565.68 shares (Direct);
Common Stock — 110,422 shares (Indirect, By an individual trust)
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MGIC Investment (MTG) report for Paula C. Maggio?
MGIC reported that EVP and General Counsel Paula C. Maggio had 61,061 common shares withheld to cover tax obligations. The transaction used a tax-withholding mechanism, not an open-market buy or sell, and relates to existing equity compensation.
Was Paula C. Maggio’s MGIC (MTG) Form 4 transaction an open-market sale?
No, the Form 4 classifies the move as a tax-withholding disposition under code F. This means shares were surrendered to satisfy tax liabilities from equity awards, rather than sold as a discretionary open-market transaction for portfolio or liquidity reasons.
What does the indirect MGIC (MTG) holding on Paula C. Maggio’s Form 4 represent?
The Form 4 lists 110,422 MGIC shares held indirectly, described as “By an individual trust.” This indicates ownership through a trust structure, separate from her directly held 190,565.68 shares, and does not itself indicate a new purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.