Form 4: Ambac Financial Group Executive Eisman Reports Stock Transactions

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

Summary

• On March 3, 2024, Robert Bryan Eisman, a Senior Managing Director & CAO at Ambac Financial Group, reported transactions involving Ambac Financial Group Inc. common stock.
• Eisman acquired 65 shares of common stock upon the vesting and settlement of a portion of his 2023 restrictive stock unit Long Term Incentive Plan (RSU LTIP) award.
• 65 shares were withheld by the company to satisfy tax obligations related to the vesting and settlement of the 2023 RSU LTIP award at a price of $16.19.
• 1,775 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, 9,947 restricted stock units, and 23,936 deferred share units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine compensation practices.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It reflects standard compensation practices involving stock-based awards.

Stakeholder Impact

• The transactions have a minor impact on shareholders, reflecting standard executive compensation practices.
• The transactions impact the executive, Robert Bryan Eisman, through vesting of stock awards and tax obligations.

Key Dates