MGIC (MTG) EVP Paula Maggio Sells 20,000 Shares

What Happened

• Paula C. Maggio, EVP and General Counsel of MGIC Investment Corp (MTG), sold 20,000 shares in an open‑market transaction on August 7, 2026, at $30.30 per share, for a total proceeds of $606,000. This was a sale (not a purchase), which is often routine and may reflect planned rebalancing rather than a view on company prospects.

Key Details

• Transaction date and price: Aug 7, 2026 — 20,000 shares at $30.30/share (total $606,000).
• Filing: Form 4 filed Aug 10, 2026 — timely (filed within the SEC’s 2 business‑day requirement).
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnote: Transaction was executed under a Rule 10b5‑1 trading plan adopted Feb 27, 2026 (pre‑scheduled trading arrangement).

Context

• A 10b5‑1 plan indicates the trade was prearranged and may have been set up before the transaction date, which can limit the trade’s implication about current insider views. Sales are common among insiders for diversification or personal liquidity and do not, by themselves, prove a change in company outlook.