Form 4: MBIA Inc. Executive Christopher H. Young Reports Share Transaction
SEC Form 4 Filing
Assistant Vice President Christopher H. Young of MBIA Inc. reports the surrender of shares for tax liability upon vesting of restricted stock on March 4, 2024.
Summary
- On March 4, 2024, Christopher H. Young, an Assistant Vice President at MBIA Inc., surrendered 8,669 shares of common stock 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, Young directly owns 617,170 shares of MBIA Inc. common stock, which includes an adjustment for retirement plan shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares surrendered by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: surrender of shares for tax liability. |
| 03/05/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.