MBIA (NYSE: MBI) insider disposes 8,668 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MBIA Inc. assistant vice president Christopher H. Young reported a tax-related share disposition. On the reported date, he surrendered 8,668 shares of Common Stock at $6.88 per share to MBIA Inc. to cover tax liability upon the vesting of restricted stock, as noted in a footnote.
After this tax-withholding disposition, Young directly held 651,544 shares of Common Stock. Another footnote explains that this balance also reflects an adjustment for retirement plan shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Young Christopher H.
Role
Assistant Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,668 | $6.88 | $60K |
Holdings After Transaction:
Common Stock — 651,544 shares (Direct)
Footnotes (1)
- Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock. Balance reflects adjustment for retirement plan shares.
FAQ
What insider transaction did MBIA (MBI) report for Christopher H. Young?
MBIA reported that assistant vice president Christopher H. Young surrendered 8,668 shares of Common Stock to the company. The shares were used to cover tax liability upon the vesting of restricted stock, according to the filing footnote.
Was the MBIA (MBI) insider transaction an open-market sale or tax withholding?
The transaction was a tax-withholding disposition, not an open-market sale. 8,668 shares of MBIA Common Stock were surrendered to the issuer to pay tax liability upon vesting of restricted stock, as described in the footnote.
What does transaction code F mean in the MBIA (MBI) Form 4 filing?
In this case, transaction code F represents payment of tax liability by delivering securities. The Form 4 describes the event as a tax-withholding disposition where shares were surrendered to MBIA Inc. upon vesting of restricted stock.