Form 4: MBIA Inc. Executive Daniel M. Avitabile Reports Stock Transaction
SEC Form 4 Filing
Assistant Vice President Daniel M. Avitabile of MBIA Inc. reports 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, Daniel M. Avitabile, Assistant Vice President of MBIA Inc., disposed of 8,484 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of restricted stock.
- The shares were disposed of at a price of $6.71 per share.
- Following the transaction, Avitabile beneficially owns 625,570 shares of MBIA Inc. common stock, reflecting an adjustment for retirement plan shares.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine stock transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the executive's stock transactions related to vested restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to vested stock.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of stock transaction where 8,484 shares were disposed of to cover tax liabilities. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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