MBIA AVP granted 80,769 shares at $6.50
MBIA Inc. Assistant Vice President Daniel M. Avitabile received a grant of 80,769 shares of common stock at $6.50 per share as a time-based equity award.
Sentiment and the balance of points
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Rhea-AI Filing Summary
MBIA Inc. Assistant Vice President Daniel M. Avitabile received a grant of 80,769 shares of common stock at $6.50 per share as a time-based equity award. The shares vest in equal installments on the third, fourth and fifth anniversaries of the grant date, subject to continued employment. On the same date, 6,061 shares were surrendered to MBIA to cover tax withholding upon vesting of restricted stock, leaving Avitabile with 659,195 directly owned shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 80,769 | $6.50 | $525K |
| Exercise Price or Tax Liability | Common Stock | 6,061 | $6.50 | $39K |
Footnotes (3)
- F1. Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).
- F2. Balance reflects adjustment for retirement plan shares.
- F3. Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.
FAQ
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What insider transactions did MBIA (MBI) report for Daniel M. Avitabile?
What type of equity award did Daniel M. Avitabile receive from MBIA (MBI)?
How do the MBIA (MBI) equity award vesting terms work for Daniel M. Avitabile?
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