Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AMBC | Common Stock | Options Exercise | $0 | +71 | +0.11% | $0.00 | 67.7K | Feb 28, 2024 | Direct | F1 |
transaction | AMBC | Common Stock | Tax liability | -$1.2K | -71 | -0.1% | $16.94 | 67.6K | Feb 28, 2024 | Direct | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AMBC | Restricted Stock Units | Options Exercise | $0 | -71 | -0.59% | $0.00 | 12K | Feb 28, 2024 | Common Stock | 71 | Direct | F3, F4 | |
transaction | AMBC | Restricted Stock Units | Options Exercise | $0 | -1.95K | -16.29% | $0.00 | 10K | Feb 28, 2024 | Common Stock | 1.95K | Direct | F3, F5 | |
transaction | AMBC | Deferred Share Units | Award | $0 | +1.95K | +9.64% | $0.00 | 22.2K | Feb 28, 2024 | Common Stock | 1.95K | Direct | F5, F6 |
Id | Content |
---|---|
F1 | The reporting person acquired 71 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon vesting and settlement of a portion of the reporting person's 2022 restricted stock unit Long Term Incentive Plan ("2022 RSU LTIP") award. |
F2 | As part of the vesting and settlement of a portion of the 2022 RSU LTIP award, 71 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations. |
F3 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Company. |
F4 | Represents the aggregate amount of RSUs that were converted into shares of common stock of the Company upon settlement of a portion of the reporting person's 2022 RSU LTIP award. |
F5 | Represents the aggregate amount of RSUs that were converted into an equivalent number of deferred shared units ("DSUs) pursuant to the Company's Executive Stock Deferral Plan, which was designed to enable participants to elect to defer the settlement and income taxation of RSU and performance stock unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended. |
F6 | Each DSU represents a contingent right to receive one share of common stock of the Company. |