Form 4: Assured Guaranty Director Batten Mark Reports Acquisition and Disposal of Common Shares
SEC Form 4 Filing
Director Mark Batten reports acquiring 2,022 common shares as a retainer equity award and disposing of 3,093 shares.
Summary
- On May 2, 2024, Mark Batten, a director of Assured Guaranty Ltd, acquired 2,022 common shares.
- These shares were awarded as a restricted stock annual retainer equity award under the company's 2024 Long Term Incentive Plan.
- The shares will become non-forfeitable the day before the 2025 annual shareholders meeting.
- On the same day, Batten disposed of 3,093 shares.
- Following these transactions, Batten directly owns 3,093 common shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Positives
- The equity award aligns the director's interests with those of the shareholders.
Future Outlook
The restricted stock will become non-forfeitable on the day immediately prior to the 2025 annual shareholders meeting.
Industry Context
This filing is a routine disclosure related to director compensation and share ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction: acquisition of 2,022 shares and disposal of 3,093 shares. |
| 05/03/2024 | Date of signature for the report. |
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