Innis-Thompson Janice L. 4

What Happened
Janice L. Innis-Thompson, a director of MBIA Inc. (MBI), was granted 16,181 shares of restricted stock on May 12, 2026. The shares were priced at $6.18 each, for a total grant value of $99,999. This was an award/grant (transaction code A), i.e., compensation-related equity rather than an open-market purchase.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 13, 2026 (next-day filing).
• Price per share: $6.18; Total value reported: $99,999.
• Shares granted: 16,181 restricted shares.
• Vesting: Footnote F1 — 1-year cliff vesting; shares vest on May 12, 2027 (not immediately transferable until vest).
• Shares owned after transaction: not specified in the provided filing excerpt.
• No 10b5‑1 plan or tax-withholding note was referenced in the supplied details.

Context
This is a standard restricted stock award to a board director as part of compensation. Because the grant has a one-year cliff vesting, the shares are not immediately tradable and the award represents deferred compensation rather than an immediate market purchase or sale. For retail investors, such awards are routine and typically intended to align a director’s interests with shareholders over the vesting period.