Form 4: Ambac Financial Group Executive Barranco Reports Stock Transactions
SEC Form 4 Filing
David Barranco, a Senior Managing Director at Ambac Financial Group, reported the acquisition and disposal of common stock and restricted stock units (RSUs) related to incentive plans.
Summary
- David Barranco, a Senior Managing Director at Ambac Financial Group, filed a Form 4 detailing changes in beneficial ownership.
- On February 28, 2025, Barranco acquired 5,725 shares of common stock through the conversion of Restricted Stock Units (RSUs) from the 2022 Long Term Incentive Plan award.
- Also on February 28, 2025, 2,370 shares were withheld by the company at a price of $9.71 to cover tax obligations related to the RSU conversion.
- On March 3, 2025, Barranco acquired 5,214 shares of common stock through the conversion of RSUs from the 2023 Long Term Incentive Plan award.
- Additionally, on March 3, 2025, 2,099 shares were withheld by the company at a price of $9.30 to cover tax obligations related to the RSU conversion.
- Following these transactions, Barranco directly owns 118,275 shares of Ambac Financial Group common stock and 21,284 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Acquisition of 5,725 common stock shares via RSU conversion and withholding of 2,370 shares for tax obligations. |
| 03/03/2025 | Acquisition of 5,214 common stock shares via RSU conversion and withholding of 2,099 shares for tax obligations. |
| 03/04/2025 | Date of signature by attorney-in-fact, William White. |
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