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Main Street Capital CORP·4

Apr 3, 4:30 PM ET

Hyzak Dwayne L. 4

Research Summary

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Main Street Capital (MAIN) CEO Dwayne Hyzak Receives Award, Withholds Shares

What Happened
Dwayne L. Hyzak, CEO, Senior Managing Director and Director of Main Street Capital Corporation (MAIN), was granted 81,609 restricted shares on April 1, 2026 and had 29,202 shares withheld to cover tax liability upon vesting (withheld shares valued at ~ $1,546,538 based on $52.96/share). Earlier, Hyzak acquired small blocks via dividend reinvestment: 417.003 shares on March 13, 2026 (at $54.66, ~$22,793) and 499.342 shares on March 27, 2026 (at $52.92, ~$26,425). The withholding was done to satisfy tax obligations on the restricted share award.

Key Details

  • Transaction dates & prices:
    • 2026-03-13: Acquired 417.003 shares @ $54.66 (DRIP) — $22,793 (footnote F1).
    • 2026-03-27: Acquired 499.342 shares @ $52.92 (DRIP) — $26,425 (footnote F1).
    • 2026-04-01: Award of 81,609 shares @ $0.00 (restricted stock grant under 2022 Equity & Incentive Plan) (footnote F2).
    • 2026-04-01: 29,202 shares withheld @ $52.96 to satisfy tax liability — ~$1,546,538 (footnote F3).
  • Shares owned after transaction: Not specified in the provided Form 4 summary; see the full filing for total beneficial ownership.
  • Notable footnotes:
    • F1: Dividend reinvestment plan transactions exempt under Rule 16a-11.
    • F2: Grant issued under Main Street Capital’s 2022 Equity & Incentive Plan.
    • F3: Shares withheld to pay tax liability on vested restricted shares; withholding approved by the Compensation Committee and treated as exempt under Rule 16b-3(e).
  • Filing timeliness: Form filed 2026-04-03 for transactions through 2026-04-01. DRIP entries are Rule 16a-11 exempt; the award/withholding was reported on the Form 4 filed April 3.

Context
The 81,609-share entry is a restricted stock award (an A-code grant). The 29,202-share disposition is a tax-withholding event (F-code), not an open-market sale — a routine administrative transfer to cover taxes when restricted shares vest. Small DRIP purchases are reinvested dividends and are common, routine insider activity. All items are factual reporting of compensation and withholding rather than an explicit market-directional trade.