Form 4: Ambac Financial Group Executive VP, CFO & Treasurer Reports Stock Transactions

David Trick, Executive VP, CFO & Treasurer of Ambac Financial Group, reports acquisition and disposal of common stock and restricted stock units.

Summary

• David Trick, an executive at Ambac Financial Group, reported transactions involving the company's common stock and restricted stock units (RSUs).
• On March 13, 2025, Mr. Trick acquired 267 shares of common stock upon the vesting and settlement of a portion of his 2022 restrictive stock unit Long Term Incentive Plan (2022 RSU LTIP) award.
• Also on March 13, 2025, 267 RSUs were converted into common stock and withheld by the company to satisfy tax obligations at a price of $8.39.
• Additionally, 5,562 RSUs were converted into an equivalent number of deferred share units (DSUs) pursuant to the Company's Executive Stock Deferral Plan on March 13, 2025.
• On March 11, 2025, 267 RSUs were converted into shares of common stock upon settlement of a portion of the reporting person's 2024 Long Term Incentive Plan award.
• Following these transactions, Mr. Trick beneficially owns 156,349 shares of common stock, 17,334 Restricted Stock Units and 165,361 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 practice and provide transparency into the trading activities of company insiders, which can be informative for investors.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) and deferred share units (DSUs) as part of long-term incentive plans.
• Companies like Berkshire Hathaway, JP Morgan Chase, and Goldman Sachs also use similar compensation structures to align executive interests with shareholder value.
• The vesting schedules and terms of these plans can vary widely across the industry, but the general purpose is to incentivize long-term performance and retention.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
• The tax withholding obligations impact the executive's net stock acquisition.

Key Dates