Form 4: MBIA Inc. Executive Daniel M. Avitabile Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Assistant Vice President Daniel M. Avitabile reports acquiring and disposing of MBIA Inc. common stock related to vesting and tax obligations.
Summary
- On March 4, 2024, Daniel M. Avitabile, Assistant Vice President of MBIA Inc., acquired 75,348 shares of common stock at $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. Avitabile disposed of 6,902 shares at $6.58 per share to cover tax liabilities associated with the vesting of restricted stock.
- Following these transactions, Mr. Avitabile beneficially owns 685,347 shares of MBIA Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
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 of MBIA Inc. common stock for tax liability. |
| 03/06/2024 | Date of signature for the Form 4 filing. |
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.