Form 4: MBIA INC CEO William C. Fallon Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
William C. Fallon, CEO & President of MBIA INC, reports disposing of 39,659 shares of common stock to cover tax liabilities upon vesting of restricted stock on March 4, 2024.
Summary
- On March 4, 2024, William C. Fallon, the CEO & President of MBIA INC, disposed of 39,659 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of restricted stock.
- The shares were disposed of at a price of $6.47 per share.
- Following the transaction, Fallon beneficially owns 2,810,214 shares of MBIA INC common stock.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (disposal of shares for tax purposes) and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is a common occurrence where executives sell shares to cover tax obligations arising from the vesting of stock awards.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of stock disposal for tax liability. |
| 03/05/2024 | Date of signature by Attorney-in-Fact. |
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