Form 4: Lisa G. Iglesias Reports Acquisition of Restricted Stock Units in Ambac Financial Group Inc.

Director Lisa G. Iglesias acquired 4,497 restricted stock units of Ambac Financial Group Inc. on October 1, 2024, which will vest on October 1, 2025.

Summary

• Lisa G. Iglesias, a director of Ambac Financial Group Inc., reported the acquisition of 4,497 restricted stock units (RSUs) on October 1, 2024.
• These RSUs represent a contingent right to receive one share of Ambac Financial Group Inc.'s common stock each.
• The RSUs were granted on October 1, 2024, and will vest one year later, on October 1, 2025.
• Vested RSUs will settle and convert into shares of common stock upon the reporting person's resignation from the Board of Directors or upon a change of control of the Company.
• Following the reported transaction, Ms. Iglesias beneficially owns 51,058 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock ownership, with neutral sentiment.

Future Outlook

The RSUs will vest on October 1, 2025, and convert into common stock upon resignation from the board or a change of control.

Industry Context

This filing is a routine disclosure of stock-based compensation for a company director, common in publicly traded companies to align management interests with shareholders.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns their interests with shareholders, potentially incentivizing value creation.

Key Dates