MGIC (MTG) CEO Mattke amends Form 4 to correct tax share withholding
Rhea-AI Filing Summary
MGIC Investment Corp Chief Executive Officer Timothy J. Mattke filed an amended insider report to correct a prior tax-related share withholding entry. The filing shows that 307,691 shares of common stock were withheld on March 2, 2026 to satisfy tax obligations tied to vesting shares, a non-market, compensation-related disposition.
The earlier report stated 307,644 shares were withheld, and this amendment fixes that clerical error and adjusts his reported holdings. After this correction, Mattke directly beneficially owns 1,257,207.401 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 307,691 shares
Net Sell
1 txn
Insider
Mattke Timothy J.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 307,691 | $26.53 | $8.16M |
Holdings After Transaction:
Common Stock — 1,257,207.401 shares (Direct)
Footnotes (1)
- F1. The reporting person's Form 4, filed on March 3, 2026, reported that 307,644 shares were withheld to satisfy tax withholding obligations in connection with shares that vested on March 2, 2026. Due to a clerical error, the number of shares to be withheld was incorrectly calculated. This Form 4 corrects such error, including by decreasing the total amount of shares beneficially owned by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does MGIC Investment (MTG) CEO Timothy Mattke’s amended Form 4 report?
The amended Form 4 corrects a prior tax-withholding entry. It clarifies that 307,691 MGIC common shares were withheld on March 2, 2026 for tax obligations on vesting shares, updating Timothy Mattke’s reported beneficial ownership accordingly.
What error is being corrected in this MGIC (MTG) CEO Form 4 amendment?
The amendment fixes a clerical error in the original report. That earlier filing stated 307,644 shares were withheld for taxes; the correct number is 307,691, which slightly reduces Timothy Mattke’s reported beneficial ownership.
Is Timothy Mattke’s MGIC (MTG) Form 4/A an open-market stock sale?
No, the transaction is not an open-market sale. The filing shows a tax-withholding disposition, where 307,691 shares were retained by the company to cover tax obligations on vested shares as part of equity compensation.