0000874501-24-000016.txt : 20240223
0000874501-24-000016.hdr.sgml : 20240223
20240223164553
ACCESSION NUMBER: 0000874501-24-000016
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240221
FILED AS OF DATE: 20240223
DATE AS OF CHANGE: 20240223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LeBlanc Claude
CENTRAL INDEX KEY: 0001380820
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10777
FILM NUMBER: 24672147
MAIL ADDRESS:
STREET 1: ONE BERMUDIANA ROAD
CITY: HAMILTON
STATE: D0
ZIP: HM 11
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AMBAC FINANCIAL GROUP INC
CENTRAL INDEX KEY: 0000874501
STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 133621676
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE WORLD TRADE CENTER
CITY: NEW YORK
STATE: NY
ZIP: 10007
BUSINESS PHONE: 2126587470
MAIL ADDRESS:
STREET 1: ONE WORLD TRADE CENTER
CITY: NEW YORK
STATE: NY
ZIP: 10007
FORMER COMPANY:
FORMER CONFORMED NAME: AMBAC INC /DE/
DATE OF NAME CHANGE: 19930328
4
1
wk-form4_1708724732.xml
FORM 4
X0508
4
2024-02-21
0
0000874501
AMBAC FINANCIAL GROUP INC
AMBC
0001380820
LeBlanc Claude
AMBAC FINANCIAL GROUP, INC.
ONE WORLD TRADE CENTER, 41ST FLOOR
NEW YORK
NY
10007
1
1
0
0
Chief Executive Officer
0
Common Stock
2024-02-21
4
A
0
8257
0
A
510673
D
Common Stock
2024-02-21
4
F
0
8257
16.25
D
502416
D
Deferred Share Units
2024-02-21
4
A
0
207494
0
A
Common Stock
207494
261888
D
The reporting person acquired 8,257 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of a portion of the reporting person's 2021 Long Term Incentive Plan award, which had a three year performance period and vested on February 21, 2014.
As part of the vesting and settlement of a portion of the 2021 LTIP award, 8,257 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.
Each deferred share unit ("DSU") represents a contingent right to receive one share of common stock of the Company.
Represents the aggregate amount of performance stock units ("PSUs") that were converted into an equivalent number of 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 PSU and restricted stock unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended.
William J. White, attoney-in-fact
2024-02-23