McGinnis Daniel 4
4 · AMBAC FINANCIAL GROUP INC · Filed Mar 10, 2025
Insider Transaction Report
Form 4
McGinnis Daniel
Sr. MD & COO
Transactions
- Tax Payment
Common Stock
2025-03-06$9.16/sh−6,736$61,702→ 18,456 total - Exercise/Conversion
Common Stock
2025-03-06+16,874→ 25,192 total - Award
Deferred Share Units
2025-03-06+14,838→ 27,248 total→ Common Stock (14,838 underlying)
Footnotes (3)
- [F1]The reporting person acquired 16,874 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, 6,736 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.
- [F3]Represents the aggregate amount of performance stock units ("PSUs") 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 PSUs and Restricted Stock Unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended.