Form 4: Assured Guaranty CEO Dominic Frederico Sells Shares
SEC Form 4
Dominic Frederico, President/CEO/Deputy Chairman of Assured Guaranty Ltd, sold 55,000 common shares on March 20, 2024, in two transactions at weighted average prices of $92.17 and $92.83.
Summary
- On March 20, 2024, Dominic Frederico, the President/CEO/Deputy Chairman of Assured Guaranty Ltd, sold 32,933 common shares at a weighted average price of $92.17.
- He also sold 22,067 common shares at a weighted average price of $92.83 on the same day.
- Following these transactions, Frederico directly owns 1,450,824.0034 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 SEC filing regarding stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a high-ranking executive could potentially create uncertainty among shareholders, although the impact is likely to be minimal given the relatively small percentage of total shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of the share sale transactions |
| 03/21/2024 | Date of signature by Attorney-in-fact |
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