Form 4: Assured Guaranty Director Bonnie L. Howard Reports Stock Transactions

Director Bonnie L. Howard reports acquisition and disposal of Assured Guaranty Ltd. shares, including shares withheld for tax liability and restricted stock award.

Summary

• On May 1, 2024, Bonnie L. Howard, a director of Assured Guaranty Ltd., had 606 common shares withheld to cover tax liability at a price of $77.05 per share.
• On May 2, 2024, Howard acquired 1,725 common shares as a restricted stock award with a value of $0.
• Following these transactions, Howard beneficially owns 44,675 common shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and related to compensation and tax obligations. There is no indication of significant positive or negative sentiment.

Positives

• The acquisition of 1,725 restricted shares indicates continued alignment of the director's interests with the long-term performance of the company.

Future Outlook

The restricted stock award will become non-forfeitable just before the 2025 annual shareholders meeting.

Industry Context

Directors' stock transactions are routinely monitored as they can provide insights into their confidence in the company's prospects. Restricted stock awards are a common component of director compensation packages in the financial services industry.

Comparison to Industry Standards

• Director compensation packages, including restricted stock awards, are common practice among publicly traded companies, particularly in the financial services sector.
• Companies like Berkshire Hathaway, Fairfax Financial, and Markel Corporation also utilize equity-based compensation for their directors to align their interests with shareholders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard director compensation practices.

Key Dates