4//SEC Filing
LeBlanc Claude 4
Accession 0001628280-25-044056
CIK 0000874501other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 4:19 PM ET
Size
10.9 KB
Accession
0001628280-25-044056
Insider Transaction Report
Form 4
LeBlanc Claude
DirectorChief Executive Officer
Transactions
- Award
Performance Stock Option
2025-10-03+500,000→ 500,000 totalExercise: $8.93Exp: 2035-10-03→ Common Stock (500,000 underlying) - Award
Restricted Stock Units
2025-10-03+45,650→ 280,801 total→ Common Stock (45,650 underlying) - Award
Restricted Stock Units
2025-10-03+232,816→ 513,617 total→ Common Stock (232,816 underlying)
Footnotes (4)
- [F1]The Performance Stock Option shall be eligible to vest beginning one year after the grant date based on Ambac Financial Group, Inc.'s (the "Company") achievement of the certain price hurdles related to the shares of Common Stock, during the five (5) year period following the grant date as follows: (i) 40 % shall vest on the date on which the sustained stock price first exceeds $18.00 per share; (ii) 20% shall vest on the date on which the sustained stock price first exceeds $21.50 per share; (iii) 20% shall vest on the date on which the sustained stock price first exceeds $25.00 per share; and (iv) 20% shall vest on the date on which the sustained stock price first exceeds $30.00 per share.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Company.
- [F3]On October 3, 2025 the reporting person received a grant of 45,650 RSUs to replace a portion of the July 2025 Long Term Incentive Plan award previously determined to be void ab initio. These RSUs will vest in three equal annual installments commencing October 3, 2026, July 9, 2027, and July 9, 2028.
- [F4]On October 3, 2025 the reporting person received a special RSU grant that will vest and become non-forfeitable after one year (subject to limited exceptions), but will not settle until the earlier of the fifth (5) year anniversary of the grant date or the reporting person's termination date, provided such termination occurs after the one year vesting date.
Documents
Issuer
AMBAC FINANCIAL GROUP INC
CIK 0000874501
Entity typeother
Related Parties
1- filerCIK 0001380820
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 4:19 PM ET
- Size
- 10.9 KB