4//SEC Filing
Smith R Sharon 4
Accession 0000874501-25-000058
CIK 0000874501other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 4:40 PM ET
Size
13.4 KB
Accession
0000874501-25-000058
Insider Transaction Report
Form 4
Smith R Sharon
Exec VP & Group COO
Transactions
- Exercise/Conversion
Common Stock
2025-03-13+238→ 74,945 total - Exercise/Conversion
Deferred Share Units
2025-03-13+4,961→ 145,135 total→ Common Stock (4,961 underlying) - Tax Payment
Common Stock
2025-03-13$8.39/sh−238$1,997→ 74,707 total - Exercise/Conversion
Restricted Stock Units
2025-03-13−238→ 15,460 total→ Common Stock (238 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-13−4,961→ 15,698 total→ Common Stock (4,961 underlying)
Footnotes (6)
- [F1]The reporting person acquired 238 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the vesting and settlement of a portion of the reporting person's 2024 Restrictive Stock Unit Long Term Incentive Plan ("2024 RSU LTIP") 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.
- [F4]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.
- [F5]Represents the aggregate amount of RSUs that were converted into shares of common stock of the Company upon settlement of a portion of the reporting person's 2024 Long Term Incentive Plan award.
- [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 0001707461
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 4:40 PM ET
- Size
- 13.4 KB