BARRANCO DAVID 4
4 · AMBAC FINANCIAL GROUP INC · Filed Mar 4, 2024
Insider Transaction Report
Form 4
BARRANCO DAVID
Senior Managing Director
Transactions
- Exercise/Conversion
Common Stock
2024-03-03+5,215→ 109,207 total - Tax Payment
Common Stock
2024-03-03$16.19/sh−1,880$30,437→ 107,327 total - Exercise/Conversion
Restricted Stock Units
2024-03-03−5,215→ 23,155 total→ Common Stock (5,215 underlying)
Footnotes (3)
- [F1]Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2023 Long Term Incentive Plan award.
- [F2]Represents the amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
- [F3]Each RSU represents a contingent right to receive one share of the common stock of the Company.