Form 4: MBIA INC Executive Schachinger Joseph R. Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Joseph R. Schachinger, a Controller at MBIA INC, reported disposing of 5,304 shares of common stock on March 3, 2024, to cover tax liabilities upon vesting of restricted stock.
Summary
- On March 3, 2024, Joseph R. Schachinger, Controller of MBIA INC, disposed of 5,304 shares of common stock.
- The disposal was to cover tax liabilities related to the vesting of restricted stock.
- The shares were sold at a price of $6.71 per share.
- Following the transaction, Schachinger directly owns 149,942 shares of MBIA INC common stock, adjusted for retirement plan shares.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, which is common for corporate insiders who have stock transactions. It provides transparency into the trading activities of company executives and their holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of transaction: disposal of 5,304 shares of common stock. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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