Miosi Salvatore A 4/A
Research Summary
AI-generated summary
MGIC President Salvatore Miosi Withholds 129,321 Shares for Taxes
What Happened
- Salvatore A. Miosi, President & COO of MGIC Investment Corp (MTG), had 129,321 shares withheld to satisfy tax withholding obligations related to shares that vested on March 2, 2026. The withholding price was $26.53 per share, for a total value of approximately $3,430,886. The Form 4 lists the disposition under code F (tax withholding), which is not an open‑market sale but a routine tax-related withholding.
Key Details
- Transaction date: 2026-03-02 (Period of Report)
- Filing (amendment) date: 2026-03-20 (Amended Form 4)
- Shares withheld/disposed: 129,321
- Price per share: $26.53
- Total value: ~$3,430,886
- Transaction code: F (payment of exercise price or tax liability / shares withheld)
- Amendment note: original Form 4 (filed March 3, 2026) reported 129,302 shares withheld. This amended filing corrects a clerical error, increasing the withheld count by 19 shares and decreasing the reporting person's beneficial ownership accordingly.
- Shares owned after transaction: not specified in the provided filing details
Context
- Withholding to cover taxes on vested shares is routine and typically does not signal a change in insider sentiment — it is a disposition solely to meet tax obligations, not an open-market sale. This filing is an amendment correcting the originally reported withholding amount.