Restricted stock grant boosts MBIA (NYSE: MBI) director holdings

Rhea-AI Filing Summary

VAUGHAN RICHARD C reported acquisition or exercise transactions in this Form 4 filing.

MBIA Inc. director Richard C. Vaughan received a grant of common stock as part of his compensation. He was awarded 16,181 shares of restricted stock on May 12, 2026 at $6.18 per share.

The restricted stock has a one-year cliff vesting schedule, vesting on May 12, 2027. Following this grant, Vaughan directly holds 103,055 shares of MBIA common stock. This is a compensation-related equity award rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider VAUGHAN RICHARD C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	16,181	$6.18	$100K

Holdings After Transaction: Common Stock — 103,055 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock granted: 16,181 shares Grant price: $6.18 per share Total holdings after grant: 103,055 shares +1 more

4 metrics

Restricted stock granted 16,181 shares Common Stock award on May 12, 2026

Grant price $6.18 per share Restricted Stock grant valuation

Total holdings after grant 103,055 shares Common Stock directly owned following transaction

Vesting date May 12, 2027 One-year cliff vesting for Restricted Stock

Key Terms

Restricted Stock, cliff vesting, Form 4, grant, award, or other acquisition

4 terms

Restricted Stock financial

"Restricted Stock granted on May 12, 2026 at a price of $6.18 per share"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

cliff vesting financial

"with 1 year cliff vesting on May 12, 2027"

Form 4 regulatory

"The Form 4 uses code "A" for a grant or award"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

VAUGHAN RICHARD C

(Last) (First) (Middle)

C/O MBIA

1 MANHATTANVILLE ROAD, SUITE 202

(Street)

PURCHASE NEW YORK 10577

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MBIA INC [ MBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/12/2026		A		16,181(1)	A	$6.18	103,055	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted Stock granted on May 12, 2026 at a price of $6.18 per share with 1 year cliff vesting on May 12, 2027.

	/s/ William J. Rizzo, Attorney-in-fact	05/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did MBIA (MBI) director Richard C. Vaughan report on this Form 4?

Richard C. Vaughan reported receiving a grant of 16,181 shares of MBIA common stock. The filing shows this was a restricted stock award, not an open-market purchase, and is part of his equity-based compensation from the company.

How many MBIA (MBI) shares were granted to the director and at what price?

The director received 16,181 shares of MBIA common stock at a grant price of $6.18 per share. This reflects the valuation used for the restricted stock award on the grant date disclosed in the Form 4.

What is the vesting schedule for the MBIA (MBI) restricted stock granted to the director?

The restricted stock grant has a one-year cliff vesting schedule, vesting on May 12, 2027. This means none of the 16,181 shares vest before that date, and all vest together if the vesting conditions are satisfied.

How many MBIA (MBI) shares does the director hold after this restricted stock grant?

After the restricted stock grant, Richard C. Vaughan directly holds 103,055 shares of MBIA common stock. This total includes the newly awarded 16,181 restricted shares reported in the current Form 4 insider transaction.

Was the MBIA (MBI) director’s Form 4 transaction a market purchase or a compensation award?

The transaction was a compensation-related restricted stock award, not a market purchase. The Form 4 uses code "A" for a grant or award, and the footnote describes restricted stock with a specified vesting date and grant price.

Does the MBIA (MBI) director’s restricted stock grant involve any derivatives or options?

The disclosed transaction involves only common stock in the form of restricted shares. The derivative section of the Form 4 contains no remaining derivative positions, indicating no options or similar derivatives were reported in this filing.