Beauvais Jason B 4
4 · Main Street Capital CORP · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Main Street Capital (MAIN) EVP Jason Beauvais Sells Shares
What Happened
Jason B. Beauvais, Executive Vice President, General Counsel and Secretary of Main Street Capital (MAIN), received a grant of 33,550 restricted shares on April 1, 2026, and concurrently had 13,004 shares withheld and sold to cover taxes (disposed) at $52.96 for proceeds of about $688,692. Earlier, he also acquired small amounts via dividend reinvestment on March 13 (100.795 shares) and March 27 (120.698 shares).
Key Details
- Dividend reinvestments: 100.795 shares @ $54.66 on 2026-03-13 (≈ $5,509) and 120.698 shares @ $52.92 on 2026-03-27 (≈ $6,387). Footnote: these were acquired under the dividend reinvestment plan and are exempt under Rule 16a-11.
- Award and withholding: 33,550 shares granted on 2026-04-01 (issued under the 2022 Equity & Incentive Plan). 13,004 shares were withheld/sold to satisfy tax withholding on the same date at $52.96 (≈ $688,692). Footnote: withholding was approved by the Compensation Committee and is exempt under Rule 16b-3(e).
- Filing: Form 4 filed 2026-04-03 reporting transactions through 2026-04-01; this appears to be timely.
- Shares owned after the transactions: not specified in the provided filing excerpt.
Context
The headline “sale” here is a routine tax-withholding sale tied to the vesting/issuance of restricted shares, not an open-market discretionary sale. Small dividend reinvestment purchases are routine and modest in size. These actions are common administrative transactions and do not, by themselves, indicate a change in insider confidence or strategy.
Insider Transaction Report
- Other
Common Stock
[F1]2026-03-13$54.66/sh+100.795$5,509→ 182,139.156 total - Other
Common Stock
[F1]2026-03-27$52.92/sh+120.698$6,387→ 182,259.854 total - Award
Common Stock
[F2]2026-04-01+33,550→ 215,809.854 total - Tax Payment
Common Stock
[F3]2026-04-01$52.96/sh−13,004$688,692→ 202,805.854 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.