Chow Ling 4

What Happened
Chow Ling, General Counsel and Secretary of Assured Guaranty Ltd (AGO), was granted 5,970 common shares (transaction code A) on May 1, 2026. The award is reported at $0.00 per share (no purchase price) — recorded as an acquisition via grant/award rather than an open-market purchase or sale. According to the filing footnote, the number of shares was determined by achievement of relative total shareholder value targets; the shares have vested but will be delivered in February 2027 subject to continued compliance with the award terms.

Key Details

• Transaction date: 2026-05-01 (grant/award, code A)
• Reported price: $0.00; total reported cash change: $0
• Filing date (Form 4): 2026-05-04 (Accession: 0001213900-26-051783)
• Shares granted: 5,970 common shares
• Shares owned after transaction: not specified in the filing
• Footnote: Award amount tied to relative total shareholder value targets; vested and pending delivery Feb 2027, subject to continued compliance
• No 10b5-1 plan, tax withholding, sale, or option exercise noted in this filing

Context
This was an equity award as part of compensation, not a market purchase or sale. Although the award has vested, actual share delivery is deferred to February 2027 and may be forfeited if conditions are not met; it does not represent an immediate cash transaction. Retail investors typically view grants as part of regular compensation and not necessarily as a direct signal about insider sentiment.