Form 4: Director Antonio Ursano Jr. Adjusts Assured Guaranty Stake
Statement of Changes in Beneficial Ownership
Director Antonio Ursano Jr. reported a net increase in his holdings of Assured Guaranty Ltd. common shares following an annual equity retainer award.
Summary
- Director Antonio Ursano Jr. disposed of 365 common shares on April 30, 2026, to satisfy tax withholding obligations at a price of $81.90 per share.
- On May 1, 2026, the director was granted 1,756 common shares as an annual retainer equity award.
- Following these transactions, the director's total beneficial ownership increased to 5,585 common shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine regulatory disclosure regarding director compensation and tax obligations.
Positives
- The director maintains a significant equity stake in the company, aligning his interests with shareholders.
- The acquisition of 1,756 shares reflects ongoing compensation for board service.
Negatives
- The disposal of 365 shares, while for tax purposes, represents a minor reduction in direct holdings.
Risks
- The restricted stock award is subject to forfeiture conditions until the day prior to the 2027 annual shareholders meeting.
Future Outlook
The restricted stock award becomes non-forfeitable on the day immediately prior to the 2027 annual shareholders meeting.
Industry Context
StockSavvy.ai notes that routine equity grants to non-management directors are standard corporate governance practice in the financial services and insurance sector to ensure long-term alignment with shareholder value.
Comparison to Industry Standards
- The use of restricted stock units (RSUs) as part of director compensation is consistent with peer financial institutions like Ambac Financial Group or MGIC Investment Corporation.
- Tax withholding via share surrender is a standard administrative procedure for equity-based compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation | Grant of restricted stock under the 2024 Long Term Incentive Plan. | 05/01/2026 | Standard alignment of director compensation with long-term company performance. |
Stakeholder Impact
- Minimal impact on shareholders as the transaction reflects standard director compensation and tax compliance.
Next Steps
- The restricted stock award will vest on the day prior to the 2027 annual shareholders meeting.
Key Dates
| Date | Description |
|---|---|
| 04/30/2026 | Transaction date for tax withholding share disposal. |
| 05/01/2026 | Transaction date for receipt of annual retainer equity award. |
| 05/04/2026 | Filing date of the Form 4. |
Keywords
Assured Guaranty, AGO, Director Transaction, Insider Trading, Equity Compensation, Form 4
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