Form 4: Ambac Financial Group Executive Eisman Reports Stock Transactions

Robert Bryan Eisman, a Senior Managing Director & CAO at Ambac Financial Group, reported the vesting and settlement of restricted stock units and subsequent conversion to deferred share units.

Summary

• On March 8, 2024, Robert Bryan Eisman, a Senior Managing Director & CAO at Ambac Financial Group, reported transactions involving the company's common stock.
• Eisman acquired 87 shares of common stock upon the vesting and settlement of a portion of his 2021 restrictive stock unit Long Term Incentive Plan (RSU LTIP) award.
• 87 shares were withheld by the company to satisfy tax obligations related to the vesting and settlement of the 2021 RSU LTIP award at a price of $15.38.
• 2,384 RSUs were converted into an equivalent number of deferred share units (DSUs) pursuant to the company's Executive Stock Deferral Plan.
• Following these transactions, Eisman directly owns 67,616 shares of common stock, 8,085 restricted stock units, and 26,320 deferred share units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. These filings provide transparency into insider activity and can be monitored by investors for insights into management's perspective on the company's value and prospects.

Key Dates