Griffin Jon Kevin 4
4 · Main Street Capital CORP · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Main Street Capital (MAIN) Director Jon Griffin Acquires Shares via DRIP
What Happened Jon Griffin, a director of Main Street Capital Corp. (MAIN), acquired a total of 281.56 shares on May 15, 2026 through the company's dividend reinvestment plan (DRIP). The transaction breaks down as 22.468 shares at $50.69 ($1,139) and 259.092 shares at $50.45 ($13,071), for a combined value of about $14,210. These were acquisitions (not sales), representing dividend reinvestment rather than open-market purchases.
Key Details
- Transaction date: 2026-05-15 (reported on Form 4 filed 2026-05-28).
- Lots and prices: 22.468 shares @ $50.69 ($1,139); 259.092 shares @ $50.45 ($13,071).
- Total shares acquired: 281.56; total value ≈ $14,210.
- Transaction code: "J" (other acquisition/disposition) and footnote F1 states these shares were acquired under the DRIP and the transaction is exempt from Section 16 under Rule 16a-11.
- Shares owned after the transaction: not specified in the provided filing.
- Filing timeliness: The Form 4 was filed 13 days after the transaction date (reported May 15, filed May 28), which is later than the typical 2-business-day Form 4 deadline.
Context Dividend reinvestment plan purchases are routine: dividends are used to buy additional company shares automatically. Because these are DRIP transactions and noted as exempt under Rule 16a-11, they are generally considered administrative and do not necessarily signal a change in the insider’s view of the company. Still, purchases (even via DRIP) can be viewed as a modest positive signal compared with outright sales.
Insider Transaction Report
- Other
Common Stock
[F1]2026-05-15$50.69/sh+22.468$1,139→ 73,528.153 total - Other
Common Stock
[F1]2026-05-15$50.45/sh+259.092$13,071→ 73,787.245 total
Footnotes (1)
- [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.