Form 4: MBIA Inc. Executive Adam T. Bergonzi Reports Stock Transactions

Assistant Vice President Adam T. Bergonzi of MBIA Inc. reports acquisition and disposal of company stock related to vesting and tax obligations.

Summary

• On March 4, 2024, Adam T. Bergonzi, an Assistant Vice President at MBIA Inc., acquired 115,920 shares of common stock at a price of $6.47 per share.
• These shares were time-based and will vest in equal installments over three years, contingent upon continued employment.
• On March 5, 2024, Bergonzi disposed of 13,532 shares of common stock at $6.58 per share to cover tax liabilities associated with the vesting of restricted stock.
• Following these transactions, Bergonzi directly owns 1,016,173 shares of MBIA Inc. common stock, adjusted for retirement plan shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• Employees who hold company stock may be interested in the details of executive stock transactions.

Key Dates