4//SEC Filing
LeBlanc Claude 4
Accession 0001628280-25-043480
CIK 0000874501other
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 4:58 PM ET
Size
16.0 KB
Accession
0001628280-25-043480
Insider Transaction Report
Form 4
LeBlanc Claude
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2025-09-30+193,353→ 1,107,811 total - Purchase
Common Stock
2025-10-01$8.54/sh+25,000$213,500→ 1,021,777 total - Conversion
Deferred Share Units
2025-09-29−661,355→ 0 total→ Common Stock (661,355 underlying) - Tax Payment
Common Stock
2025-09-30$8.34/sh−111,034$926,024→ 996,777 total - Conversion
Common Stock
2025-09-29+661,355→ 1,264,646 total - Tax Payment
Common Stock
2025-09-29$9.72/sh−350,188$3,403,827→ 914,458 total - Award
Deferred Share Units
2025-09-30+174,961→ 174,961 total→ Common Stock (174,961 underlying)
Footnotes (6)
- [F1]Upon the closing of the sale of Ambac Assurance Corporation by Ambac Financial Group to an entity owned by funds managed by Oaktree Capital Management, L.P., a change of control was triggered causing the Reporting Person's Deferred Share Units ("DSUs") to vest and settle.
- [F2]Represents the amount of DSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
- [F3]On September 30, 2025 the Compensation Committee of the Board of Directors of Ambac Financial Group approved the acceleration of the Reporting Person's 2023 and 2024 Performance Stock Unit ("PSUs") awards in connection with the change of control referred to in footnote 1. The reporting person acquired shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of the reporting person's 2023 and 2024 Long Term Incentive Plan PSU awards.
- [F4]Represents the aggregate amount of PSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
- [F5]Each DSU represents a contingent right to receive one share of common stock of the Company.
- [F6]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 0001380820
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 4:58 PM ET
- Size
- 16.0 KB