MGIC Investment (NYSE: MTG) EVP updates Form 4 tax-withholding share count
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
MGIC Investment Corp executive Paula C. Maggio filed an amended Form 4 to correct a prior tax-withholding entry. On shares that vested on March 2, 2026, a total of 61,070 shares of common stock were withheld to satisfy tax obligations, a figure previously misreported as 61,061 shares due to a clerical error.
After this correction, she reports 190,556.68 shares of common stock held directly and 110,422 shares held indirectly through an individual trust. The transaction reflects tax withholding by the issuer rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Maggio Paula C
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 61,070 | $26.53 | $1.62M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 190,556.68 shares (Direct);
Common Stock — 110,422 shares (Indirect, By an individual trust)
Footnotes (1)
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FAQ
What did MGIC Investment (MTG) executive Paula C. Maggio report in this amended Form 4?
She corrected a prior tax-withholding entry related to vested shares. The amendment states that 61,070 shares were withheld for tax obligations on March 2, 2026, fixing an earlier clerical error that had reported 61,061 shares instead.
Why did MGIC Investment (MTG) file an amended Form 4 for Paula Maggio?
The amendment fixes a clerical error in the original tax-withholding share count. It clarifies that 61,070 shares, not 61,061, were withheld for taxes on vested shares and reduces her reported beneficial ownership accordingly.