Form 4: MBIA INC CEO William Fallon Reports Acquisition and Disposal of Common Stock

William Fallon, CEO and President of MBIA INC, reports acquiring shares of common stock and surrendering shares for tax liability.

Summary

• On March 4, 2024, William Fallon acquired 243,431 shares of MBIA INC common stock at a price of $6.47 per share.
• On March 5, 2024, Fallon surrendered 31,576 shares of common stock at $6.58 per share to cover tax liabilities upon vesting of restricted stock.
• Following these transactions, Fallon beneficially owns 3,022,069 shares of MBIA INC common stock.
• The shares acquired on March 4, 2024, are time-based and will vest in equal installments over three years, contingent upon continued employment.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track the buying and selling activity of executives and directors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure.

Key Dates