Form 4: Assured Guaranty CEO's Equity Transactions Disclosed

Assured Guaranty Ltd. discloses CEO Dominic Frederico's recent equity awards, vesting, and tax-related share disposals.

Summary

• Dominic Frederico, President, CEO, and Deputy Chairman of Assured Guaranty Ltd., reported several transactions involving the company's common shares.
• On February 20, 2026, Frederico was awarded 37,870 restricted share units (RSUs) under the 2024 Long-Term Incentive Plan, vesting on February 20, 2029, contingent on continued employment.
• On February 22, 2026, 71,810 common shares vested from performance share units (PSUs) due to the achievement of core adjusted book value targets.
• Also on February 22, 2026, Frederico disposed of a total of 48,430 common shares (19,400 and 29,030 shares) at a price of $88.39 per share to cover tax liabilities.
• Following these transactions, Frederico's direct beneficial ownership stands at 1,349,080.0034 common shares.
• Indirect beneficial ownership includes 9,400 shares by his wife, 200 shares by his daughter, and 345,000 shares by a Family Limited Partnership.
• The total beneficial ownership includes 27 shares purchased on December 31, 2025, through the Employee Stock Purchase Plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing positively as it reflects the achievement of performance targets leading to PSU vesting and continued long-term incentive alignment through RSU awards, despite routine tax-related share disposals.

Positives

• The award of 37,870 restricted share units (RSUs) and the vesting of 71,810 performance share units (PSUs) demonstrate continued long-term incentive alignment between management and shareholders.
• The vesting of performance share units indicates the achievement of core adjusted book value targets, suggesting positive operational performance.

Negatives

• A total of 48,430 common shares were disposed of to satisfy tax liabilities, which is a common practice for equity awards but reduces direct ownership.

Future Outlook

The restricted share units awarded on February 20, 2026, are scheduled to vest on February 20, 2029, provided the holder remains employed, indicating a long-term retention strategy for key executives.

Industry Context

StockSavvy.ai notes that routine Form 4 filings, such as this one, detailing executive equity awards and tax-related share disposals, are standard practice in the financial services industry. These transactions reflect the typical structure of executive compensation plans, which often include long-term incentives tied to company performance and retention.

Related Party Transactions

• Indirect beneficial ownership includes shares held by the reporting person's wife, daughter, and a Family Limited Partnership.

Stakeholder Impact

• Shareholders: The vesting of performance share units suggests the company met certain performance metrics, which is generally positive for shareholder value. The RSU awards align executive interests with long-term shareholder value.
• Employees: The Employee Stock Purchase Plan (ESPP) mentioned indicates a broader employee benefit program.

Next Steps

• The 37,870 restricted share units are expected to vest on February 20, 2029, subject to continued employment.

Key Dates

Keywords

Assured Guaranty, AGO, Dominic Frederico, SEC Form 4, Insider Trading, Restricted Share Units, Performance Share Units, Executive Compensation, Beneficial Ownership