VAUGHAN RICHARD C 4

What Happened
Richard C. Vaughan, a director of MBIA Inc. (MBI), was granted 16,181 restricted shares on May 12, 2026. The award was recorded at $6.18 per share for a total reported value of $99,999. This transaction is an award/grant (transaction code A), i.e., compensation-related restricted stock rather than an open-market purchase or sale.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 13, 2026.
• Shares granted: 16,181 at $6.18 per share; total value reported $99,999.
• Vesting: Restricted stock with a one-year cliff vesting on May 12, 2027 (footnote F1).
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: No late filing indicated in the report.

Context
Restricted stock awards are a form of compensation and align a director’s incentives with shareholders over the vesting period; they do not by themselves signal a market buy or sell. For retail investors, such awards are useful to track executive/director compensation and potential future share availability if/when shares vest.