MBIA executive surrenders shares for tax withholding

MBIA Inc. executive Joseph R. Schachinger, EVP, CFO and Treasurer, reported a tax-withholding disposition of 2,400 shares of common stock at $6.88 per share.

Accepted by SEC EDGAR 03/05/2026 - 04:12 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

MBIA Inc. executive Joseph R. Schachinger, EVP, CFO and Treasurer, reported a tax-withholding disposition of 2,400 shares of common stock at $6.88 per share. According to the filing footnote, these shares were surrendered to the issuer to pay tax liability upon vesting of restricted stock. After this transaction and an adjustment for retirement plan shares, he directly holds 248,057 shares of MBIA common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 2,400 shares

Exercise Price or Tax Liability 1 txn

Insider Schachinger Joseph R.

Role EVP, CFO and Treasurer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	2,400	$6.88	$17K

Holdings After Transaction: Common Stock — 248,057 shares (Direct)

Holdings Before and After: Common Stock, 250,457 to 248,057 shares (Direct)

Footnotes (2)

1. F1. Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.
2. F2. Balance reflects adjustment for retirement plan shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MBIA (MBI) report for Joseph R. Schachinger?

MBIA reported that Joseph R. Schachinger disposed of 2,400 common shares. The shares were surrendered to the issuer to cover tax liability arising from the vesting of restricted stock, rather than an open-market sale, as indicated by the Form 4 footnote and code F.

How many MBIA (MBI) shares does Joseph R. Schachinger hold after this Form 4?

After the reported transaction, Joseph R. Schachinger directly holds 248,057 MBIA common shares. This balance reflects both the 2,400-share tax-withholding disposition and an adjustment related to retirement plan shares, as described in the Form 4 footnotes.

What does transaction code F mean in the MBIA (MBI) Form 4 for Joseph R. Schachinger?

Transaction code F on the Form 4 indicates payment of tax liability by delivering securities. In this case, 2,400 MBIA common shares were surrendered to the issuer to satisfy tax obligations triggered by the vesting of restricted stock held by Joseph R. Schachinger.

Was the MBIA (MBI) insider transaction by Joseph R. Schachinger a market sale?

The transaction was not an open-market sale; it was a tax-withholding disposition. The filing states that 2,400 shares were surrendered to the issuer to pay tax liability upon vesting of restricted stock, consistent with Form 4 code F for tax-related share delivery.

What role does Joseph R. Schachinger hold at MBIA (MBI) in this Form 4 filing?

In this Form 4, Joseph R. Schachinger is identified as MBIA’s EVP, CFO and Treasurer. The filing shows his officer status and reports his direct ownership of 248,057 common shares after a 2,400-share tax-withholding disposition tied to restricted stock vesting.

How were retirement plan shares reflected in Joseph R. Schachinger’s MBIA (MBI) holdings?

The Form 4 notes that Schachinger’s share balance reflects an adjustment for retirement plan shares. This means his reported post-transaction total of 248,057 MBIA common shares incorporates changes related to retirement plan holdings, as specified in footnote F2.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Schachinger Joseph R.

(Last) (First) (Middle)

1 MANHATTANVILLE ROAD, SUITE 202

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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

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

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

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	03/04/2026		F		2,400(1)	D	$6.88	248,057(2)	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. Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

2. Balance reflects adjustment for retirement plan shares.

	/s/ William J. Rizzo, Attorney-in-Fact	03/05/2026
	** 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).
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