SOLCHER STEPHEN B 4

What Happened Stephen B. Solcher, a director of Main Street Capital Corporation (MAIN), acquired a total of about 1,165 shares through three transactions: 178.612 shares on 2026-04-15 via dividend reinvestment ($57.83/share, $10,329), 538 shares on 2026-05-04 issued under the Deferred Compensation Plan (priced at $0, $0), and 448.35 shares on 2026-05-04 under the Non‑Employee Director Restricted Stock Plan ($55.76/share, $25,000). These were acquisitions/awards rather than open-market sells.

Key Details

• Transaction dates and amounts:
  • 2026-04-15: 178.612 shares @ $57.83 (acquired) — $10,329 (dividend reinvestment; Footnote F1).
  • 2026-05-04: 538 shares @ $0.00 (acquired) — $0 (Deferred Compensation Plan; Footnote F3).
  • 2026-05-04: 448.35 shares @ $55.76 (acquired) — $25,000 (Restricted Stock Plan; Footnote F2).
• Aggregate shares acquired ≈ 1,164.96 shares; aggregate cash paid ≈ $35,329.
• Shares owned after the transaction: not disclosed in the provided excerpt.
• Footnotes: F1 = dividend reinvestment (exempt from Section 16 under Rule 16a-11); F2 = Non‑Employee Director Restricted Stock Plan; F3 = Deferred Compensation Plan.
• Filing/timeliness: Form filed 2026-05-06 reporting transactions through 2026-05-04. The 4/15 dividend reinvestment is noted as exempt under Rule 16a-11; no late-filing flag is indicated in the provided details.

Context

• Dividend reinvestment purchases are automatic and often reflect routine dividend elections rather than discretionary buys. Restricted stock grants to directors are compensation and vesting terms (if any) are not detailed here. Deferred compensation shares issued at $0 typically reflect a compensation deferral election rather than an out‑of‑pocket purchase.
• These are acquisitions (awards/issuances), which differ from open-market purchases by insiders; they provide information on compensation and automatic reinvestment but do not necessarily signal discretionary bullish purchases.