Form 4: MBIA Inc. Executive Daniel M. Avitabile Reports Stock Transactions

Assistant Vice President Daniel M. Avitabile of MBIA Inc. reports the acquisition and disposal of company stock related to vesting of restricted stock and tax obligations.

Summary

• On March 4, 2025, Daniel M. Avitabile, Assistant Vice President of MBIA Inc., reported transactions involving the company's common stock.
• Avitabile disposed of 12,275 shares to cover tax liabilities upon the vesting of restricted stock at a price of $5.49 per share.
• He also acquired 95,628 shares of common stock at $5.49 per share.
• Following these transactions, Avitabile beneficially owns 580,085 shares of MBIA Inc. common stock.
• The acquired shares are time-based and will vest in equal installments on the third, fourth, and fifth anniversary of the grant date, contingent upon continued employment.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard compensation practices and compliance with SEC regulations.

Future Outlook

The time-based shares will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to continued employment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock. It's a standard practice across publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• The vesting schedule of the restricted stock (three, four, and five-year installments) is a common incentive structure used by companies to retain key employees.
• Similar filings can be observed across the financial services industry, including companies like American International Group (AIG) and Prudential Financial, where executives regularly report stock transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
• The disclosure provides transparency to shareholders regarding insider trading activities.

Key Dates