secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0000950170-25-019901
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000095017025019901/0000950170-25-019901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000095017025019901/mbi-20250213.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-019901

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer