Form 4: Ambac Financial Group Executive Reports Changes in Beneficial Ownership

David Barranco, a Senior Managing Director at Ambac Financial Group, reports acquisition and disposal of common stock and deferred share units related to a long-term incentive plan.

Summary

• David Barranco, a Senior Managing Director at Ambac Financial Group, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On March 6, 2025, Barranco acquired 17,519 shares of common stock upon the vesting and settlement of a portion of his 2022 Long Term Incentive Plan (LTIP) award.
• As part of the LTIP settlement, 7,379 shares were withheld by the company to cover tax obligations at a price of $9.16 per share.
• Barranco also acquired 45,907 deferred share units (DSUs) representing a contingent right to receive an equivalent number of common stock shares, converted from performance stock units (PSUs) under the company's Executive Stock Deferral Plan.
• Following these transactions, Barranco directly owns 128,415 shares of common stock and 91,710 deferred share units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The vesting of the LTIP award suggests the executive met certain performance criteria.

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 confidence in the company's prospects.

Stakeholder Impact

• Shareholders can use this information to understand executive compensation and ownership trends.

Key Dates