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.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Avitabile Daniel M.
Role
Assistant Vice President
| 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 |
Holdings After Transaction:
Common Stock — 659,195 shares (Direct)
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MBIA (MBI) report for Daniel M. Avitabile?
MBIA reported that Daniel M. Avitabile received a grant of 80,769 common shares and surrendered 6,061 shares for tax withholding. Both transactions involved MBIA common stock at a reference price of $6.50 per share on the same date.
What type of equity award did Daniel M. Avitabile receive from MBIA (MBI)?
He received a time-based grant of 80,769 MBIA common shares at $6.50 per share. The award is structured to vest in equal installments on the third, fourth and fifth anniversaries of the grant date, contingent on his continued employment.
How do the MBIA (MBI) equity award vesting terms work for Daniel M. Avitabile?
The 80,769 granted shares vest in three equal parts on the third, fourth and fifth anniversaries of the grant date. Vesting is conditioned on his continued employment on each vesting date, subject to certain stated exceptions in the award terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.