Form 4 for MBI MBIA INC

Accepted 2022-03-07 00:00:00 ET · period of report 2022-03-03 · accession 0000814585-22-000011 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2022-03-07	2022-03-03	MBI	Young Christopher H.	Assistant VP	A - Grant	$0.00	+35.6K	617.2K	+6%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-03-03	A	A	12,200	$0.00	593,792	D	—	—	(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 shares.
2	Common	Common Stock	2022-03-03	A	A	23,450	$0.00	617,242	D	—	—	(F3) Restricted stock granted pursuant to long-term incentive award under 16b-3 exemption. The shares issued are the target number of performance-based restricted stock that may be earned (in a range of 0% to 200% of the target number of shares issued) based on the achievement of a certain performance metric as of December 31, 2024. Unless otherwise adjusted downward by the compensation committee in its discretion, the number of performance shares that may be earned in excess of the target number of shares is 23,450. Any shares that are not earned on such date will be forfeited. The shares that are earned on such date will vest in one-third increments on each of the third, fourth and fifth anniversaries of the date of grant, subject to certain continued service conditions. (F2) Balance reflects adjustment for retirement shares.