Form 4: Assured Guaranty Ltd. Executive Stephen Donnarumma Reports Acquisition of Common Shares
SEC Form 4
Chief Credit Officer Stephen Donnarumma reports acquisition of 4,394 common shares of Assured Guaranty Ltd. through restricted share units.
Summary
- Stephen Donnarumma, Chief Credit Officer of Assured Guaranty Ltd., reported acquiring 4,394 common shares on February 19, 2025.
- These shares were obtained through restricted share units awarded under the company's 2024 Long-Term Incentive Plan.
- The restricted share units vest on February 19, 2028, contingent upon continued employment.
- Upon vesting, each unit will convert into one common share.
- Following the transaction, Donnarumma's total beneficial ownership amounts to 113,856.0408 common shares, which includes 141 shares purchased on June 30, 2024 and 135 shares purchased on December 31, 2024 through the Employee Stock Purchase Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard executive compensation transaction. The acquisition of shares by an executive is generally viewed positively, but it's part of a pre-existing plan.
Positives
- The acquisition of shares by a key executive may signal confidence in the company's future performance.
Future Outlook
The restricted share units vest on 2/19/2028, assuming continued employment, indicating a long-term incentive for the executive.
Industry Context
Executive share acquisitions are common in the financial services industry as part of compensation and incentive programs.
Comparison to Industry Standards
- Executive compensation packages, including restricted share units, are a standard practice among publicly traded companies like Assured Guaranty Ltd.
- Companies such as MGIC Investment Corp. and Radian Group Inc., which are also in the financial guarantee industry, typically use similar long-term incentive plans to align executive interests with shareholder value.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | 141 shares purchased through Employee Stock Purchase Plan |
| 12/31/2024 | 135 shares purchased through Employee Stock Purchase Plan |
| 02/19/2025 | Date of transaction: Acquisition of 4,394 common shares through restricted share units |
| 02/19/2028 | Vesting date for the restricted share units |
| 02/21/2025 | Date of report filing |
Keywords
Assured Guaranty Ltd, Stephen Donnarumma, Common Shares, Restricted Share Units, Long-Term Incentive Plan, Beneficial Ownership, AGO
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