Form 4: Ambac Financial Group Executive Reports Stock Transactions
SEC Form 4 Filing
Robert Bryan Eisman, a Senior Managing Director & CAO at Ambac Financial Group, reports the acquisition and disposal of company stock and deferred share units related to a long-term incentive plan.
Summary
- Robert Bryan Eisman, a Senior Managing Director & CAO of Ambac Financial Group, filed a Form 4 detailing changes in beneficial ownership.
- On March 6, 2025, Eisman acquired 1,271 shares of common stock upon the vesting and settlement of his 2022 Long Term Incentive Plan (LTIP) award.
- Simultaneously, 1,271 shares were withheld by the company to cover tax obligations related to the LTIP award at a price of $9.16.
- Eisman also acquired 21,117 deferred share units (DSUs) representing a contingent right to receive common stock, converted from performance stock units (PSUs) under the company's Executive Stock Deferral Plan.
- Following these transactions, Eisman beneficially owns 68,887 shares of common stock and 50,852 deferred share units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates Eisman's transactions related to vested stock awards and deferred compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of stock acquisition, disposal, and DSU acquisition. |
| 03/10/2025 | Date of signature by attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.