Insider Trading March 3, 2026

Madrigal Executive Sells Shares to Cover RSU Taxes as Company Posts Mixed Q4 Results

EVP and CFO sells 1,183 shares worth $505,389 amid automatic withholding; company posts revenue beat but a sizable EPS miss

By Ajmal Hussain MDGL
Madrigal Executive Sells Shares to Cover RSU Taxes as Company Posts Mixed Q4 Results
MDGL

Madrigal Pharmaceuticals Executive Vice President and CFO Mardi Dier completed an automatic sale of 1,183 shares on March 2, 2026, at $427.21 per share to satisfy tax withholding tied to restricted stock unit vesting. The transaction totaled $505,389. Madrigal reported fourth-quarter 2025 results that topped revenue expectations but missed on earnings per share; analysts reiterated Buy ratings with six-hundred-dollar-plus price targets.

Key Points

  • Mardi Dier, EVP and CFO, sold 1,183 shares on March 2, 2026, at $427.21 per share, totaling $505,389.
  • The sale was automatic and intended to cover tax withholding from vested restricted stock units; Dier now directly owns 9,257 shares.
  • Madrigal reported Q4 2025 EPS of -$2.57 (versus an expected -$0.60) and revenue of $321.1 million (versus an expected $310.82 million); Truist and H.C. Wainwright reiterated Buy ratings with $640 and $620 price targets, respectively.

Mardi Dier, who serves as Executive Vice President and Chief Financial Officer of Madrigal Pharmaceuticals (NASDAQ: MDGL), sold 1,183 shares of the company's common stock on March 2, 2026. The shares changed hands at $427.21 apiece, producing a total transaction value of $505,389.

Following the disposition, Dier retains direct ownership of 9,257 shares of Madrigal stock. The sale was carried out automatically to meet tax withholding obligations arising from the vesting of restricted stock units and was not executed at Dier's discretion.

At the time of reporting, Madrigal's shares were trading at $435.62. An InvestingPro analysis cited alongside the transaction indicates the company is viewed as undervalued relative to its Fair Value assessment.


Financial results for Madrigal's fourth quarter of 2025 painted a mixed picture. The company reported earnings per share of -$2.57, a substantial miss compared with the expected -$0.60. In contrast, Madrigal's revenue came in ahead of forecasts, totaling $321.1 million against an anticipated $310.82 million, signaling stronger top-line performance than analysts expected.

Market analysts responded to the quarterly disclosures by maintaining positive stances. Truist Securities reiterated a Buy rating and kept a price target of $640.00. H.C. Wainwright also reiterated a Buy rating and held a $620.00 price target, highlighting the commercial performance of Rezdiffra, which has generated nearly $1 billion in net sales.

For investors seeking expanded analysis, a comprehensive Pro Research Report covering Madrigal is available, as part of a suite that spans more than 1,400 U.S. equities. That resource is cited as a source for deeper coverage of the company's financial position and valuation.


The transaction by Dier, combined with the quarterly results and analyst commentary, presents investors with a set of facts to weigh: an automatic insider sale to meet tax requirements; a meaningful EPS shortfall; revenue that exceeded expectations; and continued analyst confidence reflected in reiterated Buy ratings and six-hundred-dollar range price targets.

Risks

  • Earnings uncertainty: The company reported an EPS of -$2.57, substantially below expectations, indicating potential volatility in profitability that affects equity investors and the broader healthcare sector.
  • Insider transaction context: Although the sale was automatic to cover tax withholding, insider sales can create short-term perception risks for Madrigal stock among equity market participants.
  • Valuation inconsistency: InvestingPro's view that the stock is undervalued relative to Fair Value contrasts with the EPS miss, highlighting uncertainty around valuation and performance metrics that investors must reconcile.

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