Form 4: Assured Guaranty Director Reports Stock Transactions

Director Courtney C. Shea reports acquisition and disposal of Assured Guaranty Ltd. shares.

Summary

• On May 1, 2025, Director Courtney C. Shea disposed of 371 common shares of Assured Guaranty Ltd. to cover tax liability at a price of $87.51 per share.
• Following this transaction, Shea directly owned 7,654 common shares.
• On May 2, 2025, Shea acquired 1,706 common shares as a restricted stock award with no cost.
• These shares were awarded as an annual retainer equity award under the 2024 Long Term Incentive Plan.
• The restricted stock becomes non-forfeitable the day before the 2026 annual shareholders meeting.
• Following the acquisition, Shea directly owns 9,360 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is acquiring shares, which is a good sign, but also disposing of shares to cover tax liabilities, which is normal.

Positives

• The acquisition of restricted stock demonstrates the director's continued investment and alignment with the company's long-term success.
• The Long Term Incentive Plan encourages directors to remain invested in the company's performance.

Future Outlook

The restricted stock units will become non-forfeitable the day immediately prior to the 2026 annual shareholders meeting.

Industry Context

Directors' stock transactions are routinely monitored as indicators of their confidence in the company's prospects. Acquisition of shares, especially through incentive plans, is generally viewed positively.

Comparison to Industry Standards

• Director compensation packages often include restricted stock units to align director interests with shareholder value, similar to practices at companies like Berkshire Hathaway and Fairfax Financial.
• The vesting schedule of the restricted stock, becoming non-forfeitable just before the 2026 annual shareholders meeting, is a common practice to ensure continued service and commitment, comparable to vesting schedules at Markel Corporation.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates

Keywords

Assured Guaranty Ltd, Director, Stock Transactions, Form 4, AGO, Shea, Restricted Stock, Long Term Incentive Plan