Form 4: Ambac Financial Group CEO LeBlanc Settles Restricted Stock Units
SEC Form 4 Filing
CEO Claude LeBlanc converted restricted stock units into common stock and satisfied tax obligations on March 13, 2025.
Summary
- On March 13, 2025, Claude LeBlanc, CEO of Ambac Financial Group, converted 24,327 restricted stock units (RSUs) into shares of common stock.
- These RSUs were part of the 2024 Long Term Incentive Plan award.
- An additional 13,452 shares were withheld by the company to cover tax obligations related to the conversion at a price of $8.39.
- Following these transactions, LeBlanc directly owns 538,291 shares of Ambac Financial Group common stock and 71,456 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports transactions related to executive compensation and tax obligations, without indicating any positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of transaction: Conversion of restricted stock units into common stock and withholding of shares for tax obligations. |
| 03/14/2025 | Date of signature by attorney-in-fact, William J. White. |
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