Daniel M. Avitabile - Mar 3, 2022 Form 4 Insider Report for MBIA INC (MBI)

Signature
/s/ Jonathan C. Harris, Attorney-in-Fact
Stock symbol
MBI
Transactions as of
Mar 3, 2022
Transactions value $
$0
Form type
4
Date filed
3/7/2022, 04:29 PM
Previous filing
Jan 4, 2022
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBI Common Stock Award $0 +12.2K +2.1% $0.00 593K Mar 3, 2022 Direct F1, F2
transaction MBI Common Stock Award $0 +23.5K +3.95% $0.00 617K Mar 3, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 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.