4//SEC Filing
Smith R Sharon 4
Accession 0000874501-25-000034
CIK 0000874501other
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 4:15 PM ET
Size
9.3 KB
Accession
0000874501-25-000034
Insider Transaction Report
Form 4
Smith R Sharon
Exec VP & Group COO
Transactions
- Award
Deferred Share Units
2025-03-06+59,408→ 140,174 total→ Common Stock (59,408 underlying) - Exercise/Conversion
Common Stock
2025-03-06+2,154→ 76,861 total - Tax Payment
Common Stock
2025-03-06$9.16/sh−2,154$19,731→ 74,707 total
Footnotes (4)
- [F1]The reporting person acquired 2,154 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award, which had a three year performance period and vested on March 6, 2025.
- [F2]As part of the vesting and settlement of a portion of the 2022 LTIP award, 2,154 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.
- [F3]Each deferred share unit ("DSU") represents a contingent right to receive one share of common stock of the Company.
- [F4]Represents the aggregate amount of performance stock units ("PSUs") that were converted into an equivalent number of 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 PSU and restricted stock unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended.
Documents
Issuer
AMBAC FINANCIAL GROUP INC
CIK 0000874501
Entity typeother
Related Parties
1- filerCIK 0001707461
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 4:15 PM ET
- Size
- 9.3 KB