0000814585-22-000010.txt : 20220307
0000814585-22-000010.hdr.sgml : 20220307
20220307180757
ACCESSION NUMBER: 0000814585-22-000010
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220303
FILED AS OF DATE: 20220307
DATE AS OF CHANGE: 20220307
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Fallon William C
CENTRAL INDEX KEY: 0001334233
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09583
FILM NUMBER: 22719632
MAIL ADDRESS:
STREET 1: C/O MBIA
STREET 2: 113 KING STREET
CITY: ARMONK
STATE: NY
ZIP: 10504
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MBIA INC
CENTRAL INDEX KEY: 0000814585
STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351]
IRS NUMBER: 061185706
STATE OF INCORPORATION: CT
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1 MANHATTANVILLE ROAD
STREET 2: SUITE 301
CITY: PURCHASE
STATE: NY
ZIP: 10577
BUSINESS PHONE: 914-273-4545
MAIL ADDRESS:
STREET 1: 1 MANHATTANVILLE ROAD
STREET 2: SUITE 301
CITY: PURCHASE
STATE: NY
ZIP: 10577
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2022-03-03
0
0000814585
MBIA INC
MBI
0001334233
Fallon William C
C/O MBIA
1 MANHATTANVILLE ROAD, SUITE 301
PURCHASE
NY
10577
1
1
0
0
CEO & President
Common Stock
2022-03-03
4
A
0
39414
0
A
2572774
D
Common Stock
2022-03-03
4
A
0
75761
0
A
2648535
D
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).
Balance reflects adjustment for retirement plan shares.
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 75,761. 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.
/s/ Jonathan C. Harris, Attorney-in-Fact
2022-03-07