Form 4: MBIA INC: CFO Joseph R. Schachinger Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Chief Financial Officer Joseph R. Schachinger disposed of 6,657 shares of MBIA INC common stock on March 3, 2025, to cover tax liabilities upon vesting of restricted stock.
Summary
- On March 3, 2025, Joseph R. Schachinger, the Chief Financial Officer of MBIA INC, disposed of 6,657 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock.
- The shares were sold at a price of $5.53 per share.
- Following the transaction, Schachinger directly owns 160,120 shares of MBIA INC.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Disposal of shares to cover tax liability. |
| 03/04/2025 | Date of signature by Attorney-in-Fact. |
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