Form 4: Assured Guaranty CEO Dominic Frederico Sells 40,000 Shares
SEC Form 4 Filing
Dominic Frederico, President/CEO/Deputy Chairman of Assured Guaranty Ltd, sold 40,000 common shares at an average price of $78.12 on June 20, 2024.
Summary
- On June 20, 2024, Dominic Frederico, the President/CEO/Deputy Chairman of Assured Guaranty Ltd, sold 40,000 common shares of the company.
- The shares were sold at a weighted average price of $78.12, with individual prices ranging from $77.81 to $78.42 per share.
- Following the transaction, Frederico directly owns 1,410,824.0034 common shares.
- He also indirectly owns 9,400 shares through his wife, 200 shares through his daughter, and 345,000 shares through a Family Limited Partnership.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and directors, allowing investors to monitor their investment decisions.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of transaction: Dominic Frederico sold 40,000 common shares. |
| 06/21/2024 | Date of report: Form 4 filing date. |
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