Form 4: Assured Guaranty Director Thomas W. Jones Reports Share Transactions

Director Thomas W. Jones reports acquisition and disposal of Assured Guaranty Ltd. shares related to tax obligations and equity awards.

Summary

• On May 1, 2024, Director Thomas W. Jones disposed of 606 common shares to cover tax liabilities at a price of $77.05 per share.
• On May 2, 2024, Jones acquired 1,725 common shares as part of a restricted stock award under the Assured Guaranty Ltd. 2024 Long Term Incentive Plan.
• Following these transactions, Jones beneficially owns 44,579 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the transactions reflect standard compensation practices and director alignment with company performance.

Positives

• The acquisition of 1,725 shares indicates continued alignment of the director's interests with those of the shareholders.

Future Outlook

The restricted stock award will become non-forfeitable the day immediately prior to the 2025 annual shareholders meeting.

Industry Context

Directors commonly receive equity-based compensation, and the reporting of these transactions is a standard practice to ensure transparency.

Comparison to Industry Standards

• Equity awards are a common component of director compensation packages across the financial services industry.
• Companies like Berkshire Hathaway, JP Morgan Chase, and Goldman Sachs also utilize equity-based compensation for their directors.
• The vesting schedule of the restricted stock, becoming non-forfeitable before the 2025 annual meeting, is a typical vesting arrangement.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding director's holdings and compensation.

Key Dates