Form 4 for MBI MBIA INC
Accepted 2023-03-07 00:00:00 ET · period of report 2023-03-03 · accession 0000814585-23-000010 · 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 | 2023-03-07 | 2023-03-03 | MBI | Bergonzi Adam T. | Assistant VP | A - Grant | $12.46 | +52.0K | 902.8K | +6% | +$648.5K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-03 | A | A | 31,982 | $12.46 | 934,800 | D | — | — | (F3) The vesting of the March 2023 performance-based share awards will be contingent on Total Shareholder Return over a three year performance period beginning December 31, 2022 and ending on December 31, 2025. The beginning stock price is the closing share price as of 12/31/22 and ending stock price will be the average stock price over the 60 trading days preceding and including the last day of the performance period. Earned shares will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment subject to certain exceptions. Performance-based shares not earned will be forfeited. (F2) Balance reflects adjustment for retirement plan shares. |
| 2 | Common | Common Stock | 2023-03-03 | A | A | 20,064 | $12.46 | 902,818 | 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 plan shares. |