Form 4: MBIA Inc. Director Steven J. Gilbert Acquires Shares Through Restricted Stock Grant
SEC Form 4 Filing
Director Steven J. Gilbert acquired 16,502 shares of MBIA Inc. through a restricted stock grant at $6.06 per share.
Summary
- On May 14, 2024, Steven J. Gilbert, a director of MBIA Inc., acquired 16,502 shares of MBIA Common Stock.
- The acquisition was a result of a restricted stock grant.
- The price per share was $6.06.
- Following the transaction, Gilbert directly owns 86,147 shares of MBIA Common Stock.
- The restricted stock vests on May 14, 2025.
Sentiment
Score: 6
Explanation: Neutral sentiment. The document simply reports a transaction. The acquisition of shares by a director could be seen as a slightly positive signal, but it's a routine disclosure.
Positives
- A director increasing their holdings could be seen as a positive signal about their confidence in the company's future.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2023-09-11 | Date of Power of Attorney execution. |
| 2024-05-14 | Date of transaction: Steven J. Gilbert acquired shares through restricted stock grant. |
| 2024-05-14 | Date of restricted stock grant with 1 year vesting. |
| 2024-05-16 | Date of Form 4 filing. |
| 2025-05-14 | Vesting date of the restricted stock. |
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