Magdol David L. 4
4 · Main Street Capital CORP · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Main Street Capital (MAIN) David L. Magdol Receives Award, Sells Shares
What Happened David L. Magdol, President, Chief Investment Officer and a Section 16 officer of Main Street Capital (MAIN), received a grant of 58,940 shares and also acquired small amounts via dividend reinvestment. To cover tax withholding on the vesting of the restricted shares, 23,596 shares were surrendered/disposed (reported at $52.96) for proceeds of $1,249,644. The dividend reinvestment purchases were small (about 192.314 shares total, ~$10.4k combined).
Key Details
- Primary transactions:
- 2026-03-13: Acquired 62.488 shares @ $54.88 (other acquisition – dividend reinvestment) — $3,429
- 2026-03-13: Acquired 59.08 shares @ $54.66 (other acquisition – dividend reinvestment) — $3,229
- 2026-03-27: Acquired 70.746 shares @ $52.92 (other acquisition – dividend reinvestment) — $3,744
- 2026-04-01: Awarded 58,940 shares (grant) — reported $0.00 in filing
- 2026-04-01: 23,596 shares withheld/disposed to cover taxes @ $52.96 — $1,249,644 (transaction code F)
- Net effect: ~59,132 shares acquired (awards + reinvestments) and 23,596 shares withheld → net increase ≈ 35,536 shares for Magdol.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes / legal items:
- Dividend reinvestment purchases were made under a dividend reinvestment plan and are exempt from Section 16 under Rule 16a-11 (F1).
- Awarded shares issued under the Main Street Capital Corporation 2022 Equity and Incentive Plan (F2).
- The 23,596-share withholding was for tax liability on vested restricted shares; withholding was approved by the Compensation Committee and treated as exempt from §16(b) under Rule 16b-3(e) (F3).
- Filing/timeliness: Report filed 2026-04-03 covering transactions through 2026-04-01; filing does not indicate lateness.
Context
- The significant "sale" here was a tax-withholding disposition tied to an equity award vesting, not an open-market sale — such withholdings are routine and do not necessarily signal sell-side intent.
- The (A) code denotes an award/grant; (J) denotes other acquisition (here, dividend reinvestment); (F) denotes shares withheld for tax withholding.
- Because the withholding was approved under Rule 16b-3(d)(1) and exempt under 16b-3(e), it is not treated as a short-swing profit transaction under Section 16(b).
Insider Transaction Report
Form 4
Magdol David L.
PRESIDENT, CIO AND SMD
Transactions
- Other
Common Stock
[F1]2026-03-13$54.88/sh+62.488$3,429→ 404,963.517 total - Other
Common Stock
[F1]2026-03-13$54.66/sh+59.08$3,229→ 405,022.597 total - Other
Common Stock
[F1]2026-03-27$52.92/sh+70.746$3,744→ 405,093.343 total - Award
Common Stock
[F2]2026-04-01+58,940→ 464,033.343 total - Tax Payment
Common Stock
[F3]2026-04-01$52.96/sh−23,596$1,249,644→ 440,437.343 total
Footnotes (3)
- [F1]The reporting person acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.
- [F2]Shares issued under the Main Street Capital Corporation 2022 Equity and Incentive Plan.
- [F3]Shares withheld for payment of tax liability upon vesting of restricted shares granted under the Main Street Capital Corporation 2022 Equity and Incentive Plan. This withholding transaction was approved by the Compensation Committee of Main Street's Board of Directors in accordance with Rule 16b-3(d)(1) of the Securities Exchange Act of 1934 (the "Act"), and as such, the sale is exempt from section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
Signature
/s/ Jason B. Beauvais, Attorney-in-Fact|2026-04-03