McHugh Ryan 4
4 · Main Street Capital CORP · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Main Street Capital (MAIN) VP Ryan McHugh Receives 7,254-Share Award
What Happened
Ryan McHugh, VP, CAO & Assistant Treasurer of Main Street Capital Corporation (MAIN), received a grant of 7,254 shares on 2026-04-01 under the company's 2022 Equity and Incentive Plan. To cover tax withholding on the vesting, 780 shares were surrendered/withheld and disposed at $52.96 each for proceeds of $41,309. In addition, McHugh acquired small amounts of MAIN shares via dividend reinvestment on 2026-03-13 and 2026-03-27 (totaling ~107.32 shares for ~$5,765). Net effect: a roughly +6,581-share increase from these reported transactions (grant + dividend reinvestments - tax withholding).
Key Details
- Transaction dates and prices:
- 2026-03-13: 22.66 shares @ $54.66 ($1,239) and 26.179 shares @ $54.66 ($1,431) — dividend reinvestments (Rule 16a-11).
- 2026-03-27: 27.13 shares @ $52.92 ($1,436) and 31.348 shares @ $52.92 ($1,659) — dividend reinvestments.
- 2026-04-01: 7,254 shares granted @ $0.00 (equity award); 780 shares disposed/withheld @ $52.96 ($41,309) to satisfy tax withholding.
- Shares owned after the transaction: not specified in the provided Form 4 summary.
- Footnotes:
- Dividend reinvestments were exempt under Rule 16a-11 (F1).
- Awarded shares issued under the 2022 Equity and Incentive Plan (F2).
- Withholding of 780 shares to cover taxes was approved by the Compensation Committee and is treated as an exempt sale under Rule 16b-3(e) (F3).
- Filing: Form 4 filed 2026-04-03 reporting activity through 2026-04-01 (no late-filing indication in the record provided).
Context
- The primary event is an equity award (A) of restricted/awarded shares; the subsequent transfer of 780 shares was a routine tax-withholding disposition (F), not an open-market sale motivated by investment views.
- Dividend reinvestments (J) are routine and exempt transactions that simply convert cash dividends into additional shares.
- For retail investors: awards and withheld shares are common in executive compensation and do not by themselves indicate a buy/sell signal.
Insider Transaction Report
- Other
Common Stock
[F1]2026-03-13$54.66/sh+22.66$1,239→ 13,162.345 total - Other
Common Stock
[F1]2026-03-13$54.66/sh+26.179$1,431→ 13,188.524 total - Other
Common Stock
[F1]2026-03-27$52.92/sh+27.13$1,436→ 13,215.654 total - Other
Common Stock
[F1]2026-03-27$52.92/sh+31.348$1,659→ 13,247.002 total - Award
Common Stock
[F2]2026-04-01+7,254→ 20,501.002 total - Tax Payment
Common Stock
[F3]2026-04-01$52.96/sh−780$41,309→ 19,721.002 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.