Form 4: MBIA INC Executive Anthony McKiernan Reports Tax Liability Share Surrender
SEC Form 4 Filing
Anthony McKiernan, EVP & Chief Financial Officer of MBIA INC, surrendered 13,052 shares to cover tax liabilities upon vesting of restricted stock on March 3, 2024.
Summary
- On March 3, 2024, Anthony McKiernan, the EVP & Chief Financial Officer of MBIA INC, surrendered 13,052 shares of common stock to the issuer.
- This transaction was to cover the tax liability resulting from the vesting of restricted stock.
- The shares were surrendered at a price of $6.71 per share.
- Following the transaction, McKiernan directly owns 1,356,992 shares of MBIA INC common stock, which includes an adjustment for retirement plan shares.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the surrender of shares to cover tax obligations, slightly reducing the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of transaction: McKiernan surrendered shares for tax liability. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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