Form 4: MBIA INC: Joseph R. Schachinger Reports Changes in Beneficial Ownership

Joseph R. Schachinger, Chief Financial Officer of MBIA INC, reports acquisition and disposal of common stock due to tax liability and vesting of restricted stock.

Summary

• On March 4, 2025, Joseph R. Schachinger, the Chief Financial Officer of MBIA INC, reported changes in beneficial ownership of the company's common stock.
• 2,400 shares were disposed of to cover tax liabilities upon the vesting of restricted stock at a price of $5.49 per share.
• Additionally, 45,537 time-based shares were acquired at $5.49 per share, which will vest in equal installments over the next three years, contingent upon continued employment.
• Following these transactions, Schachinger directly owns 203,257 shares of MBIA INC.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of 45,537 shares indicates a continued investment and confidence in the company by the CFO.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.

Key Dates

Keywords

Beneficial Ownership, Form 4, MBIA INC, Schachinger, CFO, Stock, Vesting, Tax Liability