Form 4: MBIA Executive Anthony McKiernan Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Anthony McKiernan, EVP & Chief Financial Officer of MBIA Inc., disposed of 17,618 shares of common stock on March 4, 2024, to cover tax liabilities upon vesting of restricted stock.
Summary
- On March 4, 2024, Anthony McKiernan, the EVP & Chief Financial Officer of MBIA Inc., disposed of 17,618 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of restricted stock.
- The shares were disposed of at a price of $6.47 per share.
- Following the transaction, McKiernan beneficially owns 1,339,374 shares of MBIA Inc.
- The reporting person has adjusted their balance to reflect retirement plan shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: Disposal of 17,618 shares of common stock. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.