Form 4: Ambac Financial Group Executive Eisman Reports Stock Transactions
SEC Form 4 Filing
Robert Bryan Eisman, a Senior Managing Director & CAO at Ambac Financial Group, reported multiple transactions involving restricted stock units and deferred share units.
Summary
- Robert Bryan Eisman, a Senior Managing Director & CAO at Ambac Financial Group, filed a Form 4 detailing changes in beneficial ownership.
- On February 28, 2025, Eisman converted 2,020 Restricted Stock Units (RSUs) into common stock and 1,787 Deferred Share Units (DSUs).
- The company withheld 233 shares of common stock at $9.71 to cover tax obligations related to the RSU conversion.
- On March 3, 2025, Eisman converted 1,840 RSUs into common stock and 1,628 DSUs.
- The company withheld 212 shares of common stock at $9.30 to cover tax obligations related to the RSU conversion.
- Following these transactions, Eisman directly owns 67,616 shares of common stock.
- Eisman also holds 7,512 RSUs and 29,735 DSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's perspective on the company's valuation and future prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options, restricted stock units (RSUs), and deferred share units (DSUs) to align management's interests with those of shareholders.
- The vesting and conversion of RSUs and DSUs are common events and are typically disclosed through Form 4 filings.
- Companies like MGIC Investment Corp and Radian Group Inc, which are also in the financial guarantee industry, similarly use equity-based compensation and report insider transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard vesting and conversion of equity-based compensation.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Conversion of Restricted Stock Units (RSUs) and Deferred Share Units (DSUs) into common stock; tax withholding. |
| 03/03/2025 | Conversion of Restricted Stock Units (RSUs) and Deferred Share Units (DSUs) into common stock; tax withholding. |
| 03/04/2025 | Date of signature by attorney-in-fact, William White. |
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