4//SEC Filing
Eisman Robert Bryan 4
Accession 0000874501-24-000073
CIK 0000874501other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 4:09 PM ET
Size
13.5 KB
Accession
0000874501-24-000073
Insider Transaction Report
Form 4
Eisman Robert Bryan
Managing Director, Controller
Transactions
- Tax Payment
Common Stock
2024-03-08$15.38/sh−87$1,338→ 67,616 total - Exercise/Conversion
Restricted Stock Units
2024-03-08−2,384→ 5,701 total→ Common Stock (2,384 underlying) - Exercise/Conversion
Common Stock
2024-03-08+87→ 67,703 total - Exercise/Conversion
Restricted Stock Units
2024-03-08−87→ 8,085 total→ Common Stock (87 underlying) - Award
Deferred Share Units
2024-03-08+2,384→ 26,320 total→ Common Stock (2,384 underlying)
Footnotes (6)
- [F1]The reporting person acquired 87 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the vesting and settlement of a portion of the reporting person's 2021 restrictive stock unit Long Term Incentive Plan ("2021 RSU LTIP") award.
- [F2]As part of the vesting and settlement of a portion of the 2021 RSU LTIP award, 87 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.
- [F3]Each restricted stock unit ("RSUs") represents a contingent right to receive one share of the common stock of the Company.
- [F4]Represents the amount of RSUs that were converted into shares of common stock of the Company upon settlement of a portion of the reporting person's 2021 RSU LTIP award.
- [F5]Represents the aggregate amount of RSUs that were converted into an equivalent number of deferred share units ("DSUs") pursuant to the Company's Executive Stock Deferral Plan, which was designed to enable participants to elect to defer the settlement and income taxation of RSU and Performance Stock Unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended.
- [F6]Each DSU represents a contingent right to receive one share of common stock of the Company.
Documents
Issuer
AMBAC FINANCIAL GROUP INC
CIK 0000874501
Entity typeother
Related Parties
1- filerCIK 0001477761
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 4:09 PM ET
- Size
- 13.5 KB