Mattke Timothy J. 4/A
4/A · MGIC INVESTMENT CORP · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-02$26.53/sh−307,691$8,163,042→ 1,257,207.401 total
Footnotes (1)
- [F1]The reporting person's Form 4, filed on March 3, 2026, reported that 307,644 shares were withheld to satisfy tax withholding obligations in connection with shares that vested on March 2, 2026. Due to a clerical error, the number of shares to be withheld was incorrectly calculated. This Form 4 corrects such error, including by decreasing the total amount of shares beneficially owned by the reporting person.