MBIA executive granted 80,769 shares at $6.50
MBIA Inc. assistant vice president Christopher H. Young reported equity compensation activity in company common stock.
Rhea-AI Filing Summary
MBIA Inc. assistant vice president Christopher H. Young reported equity compensation activity in company common stock. He received a grant of 80,769 time-based shares at $6.50 per share, which will vest in equal installments on the third, fourth, and fifth anniversaries of the grant date, subject to continued employment and certain exceptions. To cover tax liabilities upon vesting of restricted stock, 6,061 shares were surrendered back to MBIA. After these transactions, Young directly holds 660,212 common shares.
Positive
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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.
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