Form 4: MBIA Inc. Controller Reports Stock Transactions

Joseph R. Schachinger, Controller of MBIA Inc., reports acquisition and disposal of company stock related to vesting of restricted stock.

Summary

• On March 4, 2024, Joseph R. Schachinger, Controller of MBIA Inc., acquired 23,184 shares of common stock at a price of $6.47.
• These shares were time-based and will vest in equal installments on the third, fourth, and fifth anniversary of the grant date, contingent upon continued employment.
• On March 5, 2024, Schachinger disposed of 3,949 shares of common stock at $6.58.
• This disposal was to cover tax liabilities associated with the vesting of restricted stock.
• Following these transactions, Schachinger beneficially owns 166,777 shares of MBIA Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, reflecting routine activity.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company insiders. It is standard practice for officers of publicly traded companies to report such transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity related to compensation.

Key Dates