---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-019901"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T22:32:18.429771+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-019901
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2025-02-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000095017025019901/0000950170-25-019901-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000095017025019901/mbi-20250213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-019901
- JSON: https://secwatch.observer/filing/0000950170-25-019901.json
- Plain text: https://secwatch.observer/filing/0000950170-25-019901.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.