Form 4: Ambac Financial Group Executive VP R. Sharon Smith Reports Stock Transactions

Executive VP & Chief Strategy Officer of Ambac Financial Group, R. Sharon Smith, reports transactions involving common stock and restricted/deferred stock units.

Summary

• R. Sharon Smith, Executive VP & Chief Strategy Officer of Ambac Financial Group, filed a Form 4 detailing changes in beneficial ownership.
• On February 28, 2025, Smith acquired 641 shares of common stock through the vesting of restricted stock units (RSUs).
• Also on February 28, 2025, 641 shares were disposed of to cover tax withholding obligations at a price of $9.71 per share.
• On March 3, 2025, Smith acquired 532 shares of common stock through the vesting of RSUs.
• Also on March 3, 2025, 532 shares were disposed of to cover tax withholding obligations at a price of $9.3 per share.
• The transactions involved the conversion of RSUs and deferred share units (DSUs) into common stock.
• Following these transactions, Smith directly owns 74,707 shares of Ambac Financial Group common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates