4//SEC Filing
Smith R Sharon 4
Accession 0001707461-25-000003
CIK 0000874501other
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 4:51 PM ET
Size
14.6 KB
Accession
0001707461-25-000003
Insider Transaction Report
Form 4
Smith R Sharon
Exec VP & Group COO
Transactions
- Conversion
Common Stock
2025-09-29+145,135→ 219,842 total - Exercise/Conversion
Common Stock
2025-09-30+2,814→ 173,746 total - Conversion
Deferred Share Units
2025-09-29−145,135→ 0 total→ Common Stock (145,135 underlying) - Award
Deferred Share Units
2025-09-30+76,627→ 76,627 total→ Common Stock (76,627 underlying) - Tax Payment
Common Stock
2025-09-29$9.72/sh−48,910$475,405→ 170,932 total - Tax Payment
Common Stock
2025-09-30$8.34/sh−2,814$23,469→ 170,932 total
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 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 0001707461
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 4:51 PM ET
- Size
- 14.6 KB