Form 4: MBIA Inc. Executive Christopher H. Young Reports Stock Transaction
SEC Form 4 Filing
Christopher H. Young, an Assistant Vice President at MBIA Inc., reported the disposition of 8,484 shares of common stock to cover tax liabilities upon vesting of restricted stock on March 3, 2024.
Summary
- On March 3, 2024, Christopher H. Young, an Assistant Vice President at MBIA Inc., reported a transaction involving the company's common stock.
- Young disposed of 8,484 shares to cover tax obligations related to the vesting of restricted stock.
- The transaction was executed at a price of $6.71 per share.
- Following the transaction, Young directly owns 625,839 shares of MBIA Inc. common stock, adjusted for retirement plan shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of stock transaction: disposition of 8,484 shares for tax liability. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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