DEWBREY DIANE L 4

What Happened
Diane L. Dewbrey, a director of MBIA Inc. (MBI), was granted 16,181 restricted shares on May 12, 2026 at a price of $6.18 per share, for a total reported value of $99,999. This transaction is an award/grant (Form 4 code "A") — an acquisition of stock tied to compensation, not an open-market purchase or sale.

Key Details

• Transaction date: May 12, 2026; Grant price: $6.18 per share.
• Shares granted: 16,181; Reported total value: $99,999.
• Vesting: Restricted stock with a 1-year cliff vesting on May 12, 2027 (footnote F1). Shares may be forfeited if vesting conditions are not met.
• Filing: Reported on Form 4 filed May 13, 2026 (timely filing).
• Ownership after transaction: Not disclosed in the provided filing excerpt.
• Other notes: No 10b5-1 plan, tax-withholding, or sale reported in this transaction—this is a compensation grant.

Context
Restricted stock grants are common director compensation and become outright ownership only after vesting conditions are met; they do not represent an immediate sale. For investors, such awards primarily indicate alignment of the director’s interests with shareholders over the vesting period rather than an active market sentiment signal.