Form 4: Ambac Financial Group Executive Stephen Ksenak Reports Stock Transactions
SEC Form 4 Filing
Stephen Michael Ksenak, Sr. MD & General Counsel of Ambac Financial Group, reports the conversion of restricted stock units into common stock and shares withheld for tax obligations on March 13, 2025.
Summary
- On March 13, 2025, Stephen Michael Ksenak, Sr. MD & General Counsel of Ambac Financial Group, converted 4,726 restricted stock units (RSUs) into common stock as part of the 2024 Long Term Incentive Plan.
- The transaction also involved the withholding of 1,703 shares to cover tax obligations at a price of $8.39 per share.
- Following these transactions, Ksenak directly owns 121,599 shares of Ambac Financial Group common stock and 14,054 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies and their officers.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of stock transactions: conversion of RSUs to common stock and withholding of shares for tax obligations. |
| 03/14/2025 | Date of signature by William J. White, attorney-in-fact. |
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