Form 4: MBIA INC Executive Schachinger Joseph R. Reports Share Disposal for Tax Obligations

Joseph R. Schachinger, a Controller at MBIA INC, disposed of 2,400 shares of common stock on March 4, 2024, to cover tax liabilities upon vesting of restricted stock.

Summary

• On March 4, 2024, Joseph R. Schachinger, a Controller at MBIA INC, reported a transaction involving the disposal of company stock.
• The transaction involved the disposal of 2,400 shares of common stock at a price of $6.47 per share.
• This disposal was executed to cover the tax liability resulting from the vesting of restricted stock.
• Following the transaction, Schachinger directly owns 147,542 shares of MBIA INC.
• The reporting was filed on March 5, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates