MBIA (NYSE: MBI) assistant VP gets 80,769-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
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
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Young Christopher H.
Role
Assistant Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 80,769 | $6.50 | $525K |
| Tax Withholding | Common Stock | 6,061 | $6.50 | $39K |
Holdings After Transaction:
Common Stock — 666,273 shares (Direct)
Footnotes (1)
- 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). Balance reflects adjustment for retirement plan shares. Represents Shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.
FAQ
What insider transactions did MBIA (MBI) report for Christopher H. Young?
MBIA reported that assistant vice president Christopher H. Young received a grant of 80,769 time-based common shares at $6.50 and surrendered 6,061 shares to cover tax liabilities upon vesting of restricted stock, resulting in direct ownership of 660,212 shares.
What is the vesting schedule for Christopher H. Young’s new MBIA (MBI) stock grant?
The 80,769 granted MBIA shares vest in equal installments on the third, fourth, and fifth anniversaries of the grant date. Vesting is conditioned on Young’s continued employment on each vesting date, subject to certain stated exceptions in the award terms.