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., disposed of shares to cover tax liabilities upon vesting of restricted stock.
Summary
- On March 4, 2024, Adam T. Bergonzi, an Assistant Vice President at MBIA Inc., disposed of 16,997 shares of common stock to cover tax obligations.
- The shares were surrendered to the issuer for payment of tax liability upon the vesting of restricted stock.
- The transaction was executed at a price of $6.47 per share.
- Following the transaction, Bergonzi beneficially owns 913,785 shares of MBIA Inc. common stock, adjusted for retirement plan shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from stock vesting, a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: Disposal of shares for tax liability. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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