Avitabile Daniel M. 4/A
4/A · MBIA INC · Filed Mar 8, 2023
Insider Transaction Report
Form 4/AAmended
MBIA INCMBI
Avitabile Daniel M.
Assistant Vice President
Transactions
- Award
Common Stock
2023-03-03$12.46/sh+13,042$162,503→ 614,563 total - Award
common stock
2023-03-03$12.46/sh+20,789$259,031→ 635,352 total
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]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 December 31, 2022 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 on the vesting date (subject to certain exceptions). Performance-based shares not earned will be forfeited.