Form 4: MBIA Inc. Executive Adam T. Bergonzi Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Adam T. Bergonzi, Assistant Vice President of MBIA Inc., reports disposing of shares to cover tax liabilities upon vesting of restricted stock.
Summary
- On March 3, 2025, Adam T. Bergonzi, an Assistant Vice President at MBIA Inc., disposed of 259,835 shares of common stock to cover tax liabilities.
- The shares were surrendered to the issuer at a price of $5.53 per share.
- Following the transaction, Bergonzi beneficially owns 723,869 shares of MBIA Inc.
- The balance of shares beneficially owned reflects an adjustment for retirement plan shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for executives holding company stock. It provides transparency to the market regarding the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Disposal of shares for tax liability. |
| 03/04/2025 | Date of signature by Attorney-in-Fact. |
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