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

Executive VP and Chief Strategy Officer R. Sharon Smith reports transactions involving Ambac Financial Group Inc. common stock and restricted stock units.

Summary

• R. Sharon Smith, Executive VP & Chief Strategy Officer of Ambac Financial Group Inc., reported transactions on March 13, 2025.
• These transactions involved the vesting and settlement of restricted stock units (RSUs) and deferred share units (DSUs).
• Smith acquired 238 shares of common stock upon the vesting and settlement of a portion of the 2024 RSU LTIP award.
• 238 RSUs were converted into shares of common stock and withheld by the company to satisfy tax obligations at a price of $8.39.
• 4,961 RSUs were converted into an equivalent number of deferred share units (DSUs) pursuant to the Company's Executive Stock Deferral Plan.
• Following these transactions, Smith directly owns 74,707 shares of common stock, 15,460 Restricted Stock Units, and 145,135 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 disclosures required by the SEC for corporate insiders, providing transparency into their trading activities. This filing indicates routine transactions related to executive compensation.

Stakeholder Impact

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

Key Dates