MBIA grants $10.175M in retention cash awards to four executives, vesting March 2028

MBIA INC

CEO William C. Fallon receives $3.5M; AVP & National CFO Christopher H. Young gets $1.95M.
AVP & MBIA Insurance President Daniel M. Avitabile gets $1.95M; AVP & National CRO Adam T. Bergonzi gets $2.775M.
Awards cliff-vest on March 1, 2028, requiring continuous employment; forfeiture on voluntary resignation or termination for cause.
Board cites critical need to retain unique skills during runoff portfolios and Puerto Rico remediation to maximize shareholder value.

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