Form 4: MBIA Inc. Executive Christopher H. Young Reports Share Acquisition and Disposal
SEC Form 4
Christopher H. Young, an Assistant Vice President at MBIA Inc., reported the acquisition and disposal of company shares related to vesting and tax obligations.
Summary
- On March 4, 2024, Christopher H. Young acquired 75,348 shares of MBIA Inc. common stock at a price of $6.47 per share.
- These shares are time-based and will vest in equal installments over three years, contingent upon continued employment.
- On March 5, 2024, Mr. Young disposed of 6,902 shares to cover tax liabilities associated with the vesting of restricted stock at a price of $6.58.
- Following these transactions, Mr. Young beneficially owns 685,616 shares of MBIA Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation, with no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and do not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Acquisition of 75,348 shares of MBIA Inc. common stock. |
| 03/05/2024 | Disposal of 6,902 shares for tax liability upon vesting of restricted stock. |
| 03/06/2024 | Date of signature by William J. Rizzo, Attorney-in-Fact. |
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