Form 4: MBIA Inc. Executive Adam T. Bergonzi Reports Share Disposal for Tax Obligations

Adam T. Bergonzi, Assistant Vice President of MBIA Inc., disposed of 12,729 shares to cover tax liabilities upon vesting of restricted stock on March 3, 2024.

Summary

• On March 3, 2024, Adam T. Bergonzi, an Assistant Vice President at MBIA Inc., disposed of 12,729 shares of common stock.
• The disposal was executed to cover tax liabilities associated with the vesting of restricted stock.
• The shares were disposed of at a price of $6.71 per share.
• Following the transaction, Bergonzi beneficially owns 930,782 shares of MBIA Inc. common stock, reflecting an adjustment for retirement plan shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance. This transaction is a routine disposal of shares to cover tax obligations, a common occurrence when restricted stock vests.

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