Batten Mark 4

What Happened
Mark Batten, a director of Assured Guaranty Ltd. (AGO), received a 2,240-share restricted stock award and had 961 shares withheld to satisfy tax obligations. The withheld 961 shares were disposed at an implied price of $81.90 per share for a total of $78,706. The 2,240 shares were granted at $0 (restricted stock award) and carry forfeiture conditions that lapse the day before the 2027 annual shareholders meeting.

Key Details

• Transactions: 2026-04-30 — 961 shares withheld to pay tax liability (code F) at $81.90 = $78,706 (disposition); 2026-05-01 — 2,240 restricted shares granted (code A) at $0 = $0.
• Footnotes: Withholding was used to pay tax liability (F1). The 2,240 shares are annual non-management director restricted stock under the 2024 LTIP and become non-forfeitable the day before the 2027 annual meeting (F2).
• Shares owned after transaction: not specified in the filing.
• Timeliness: the Form 4 was filed 2026-05-04; the filing does not indicate a late report.

Context
The grant is a routine director equity retainer (an acquisition/award) and the withholding of shares for taxes is a common administrative disposition — neither action alone should be read as a directional bet on the stock. The award is subject to forfeiture until it vests (becomes non-forfeitable) just before the 2027 annual shareholders meeting.