Form 4: Assured Guaranty Exec Bailenson Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert Bailenson, Chief Operating Officer of Assured Guaranty Ltd, disposed of 9,418 common shares on February 26, 2024, to cover tax liabilities.
Summary
- On February 26, 2024, Robert Bailenson, the Chief Operating Officer of Assured Guaranty Ltd, disposed of 9,418 common shares.
- The transaction was executed at a price of $85.69 per share.
- The shares were withheld to cover tax liabilities.
- Following the transaction, Bailenson directly owns 334,835.0819 common shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of the company are buying or selling shares.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction: Robert Bailenson disposed of shares. |
| 02/28/2024 | Date of signature by Attorney-in-fact. |
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