Form 4: MBIA Inc. Executive Daniel M. Avitabile Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Daniel M. Avitabile, Assistant Vice President of MBIA Inc., reports disposing of shares to cover tax liabilities upon vesting of restricted stock.
Summary
- On March 3, 2025, Daniel M. Avitabile, an Assistant Vice President at MBIA Inc., disposed of 165,165 shares of common stock to cover tax obligations.
- The shares were surrendered to the issuer at a price of $5.53 per share.
- Following the transaction, Avitabile beneficially owns 496,732 shares of MBIA Inc.
- This balance reflects an adjustment for retirement plan shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to an executive's stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the market.
Stakeholder Impact
- The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the disposal.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Disposal of shares to cover tax liability. |
| 03/04/2025 | Date of signature by Attorney-in-Fact. |
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