Mattke Timothy J. 4/A
Research Summary
AI-generated summary
MGIC CEO Timothy J. Mattke Sells 307,691 Shares for Tax Withholding
What Happened
Timothy J. Mattke, CEO of MGIC Investment Corp (MTG), had 307,691 shares withheld on March 2, 2026 to satisfy tax withholding obligations related to shares that vested that day. The shares were valued at $26.53 each, for a total disposition amount of $8,163,042. This was a tax-withholding/cashless disposition (transaction code F), not an open-market sell intended as an investment move.
Key Details
- Transaction date: March 2, 2026
- Action: Payment of tax liability via withholding (F); 307,691 shares disposed
- Price per share: $26.53; Total value: $8,163,042
- Filing: Original Form 4 filed March 3, 2026; this is an amended Form 4 filed March 20, 2026 correcting a clerical error
- Footnote: Prior filing reported 307,644 shares withheld; this amendment corrects that calculation and decreases the reported total shares beneficially owned. The exact post-transaction beneficial ownership is not specified in the summary provided.
Context
This was a routine tax-withholding transaction tied to vested shares (likely RSUs) rather than a discretionary open-market sale. Such withholdings are common and generally reflect tax obligations, not necessarily a change in the insider’s view of the company.