How Fallon was paid
$4.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| William C. FallonChief Executive Officer | $900,000 | $1,676,815 | $1,416,000 | $292,400 | $4,285,215 |
| Joseph R. SchachingerEVP, Chief Financial Officer and Treasurer | $370,833 | $250,000 | $560,500 | $111,180 | $1,292,513 |
| Adam T. BergonziAVP and National's Chief Risk Officer | $500,000 | $798,482 | $708,000 | $186,500 | $2,192,982 |
| Daniel M. AvitabileAVP and MBIA Insurance's President and Chief Risk Officer | $375,000 | $556,518 | $472,000 | $110,767 | $1,514,285 |
| Christopher H. YoungAVP and National's Chief Financial Officer | $375,000 | $556,518 | $472,000 | $125,767 | $1,529,285 |
What changed and why
- $4.3MCEO total compensation increased to $4,285,215 for fiscal 2025 compared to $3,904,488 in 2024.
- Cash performance bonuses for 2025 were paid based on achievement of company objectives.
- 110%The performance period for March 2023 performance awards ended with a final performance score of 110%.
- Time-based restricted stock awards were granted under the Amended and Restated MBIA Inc. Omnibus Incentive Plan.
- 89%Shareholder support for the most recent say-on-pay vote exceeded 89%.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.