0000874501-24-000067.txt : 20240304
0000874501-24-000067.hdr.sgml : 20240304
20240304174032
ACCESSION NUMBER: 0000874501-24-000067
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240303
FILED AS OF DATE: 20240304
DATE AS OF CHANGE: 20240304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Smith R Sharon
CENTRAL INDEX KEY: 0001707461
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10777
FILM NUMBER: 24716582
MAIL ADDRESS:
STREET 1: ONE STATE STREET PLAZA
CITY: NEW YORK
STATE: NY
ZIP: 10004
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_1709592011.xml
FORM 4
X0508
4
2024-03-03
0
0000874501
AMBAC FINANCIAL GROUP INC
AMBC
0001707461
Smith R Sharon
AMBAC FINANCIAL GROUP, INC.
ONE WORLD TRADE CENTER, 41ST FLOOR
NEW YORK
NY
10007
0
1
0
0
Exec VP & Chief Strategy Offr
0
Common Stock
2024-03-03
4
M
0
179
0
A
73786
D
Common Stock
2024-03-03
4
F
0
179
16.19
D
73607
D
Restricted Stock Units
2024-03-03
4
M
0
179
0
D
Common Stock
179
27150
D
Restricted Stock Units
2024-03-03
4
M
0
4882
0
D
Common Stock
4882
22268
D
Deferred Share Units
2024-03-03
4
A
0
4882
0
A
Common Stock
4882
64966
D
The reporting person acquired 179 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the vesting and settlement of a portion of the reporting person's 2023 restrictive stock unit Long Term Incentive Plan ("2023 RSU LTIP") award.
As part of the vesting and settlement of a portion of the 2023 RSU LTIP award, 179 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.
Each restricted stock unit ("RSUs") represents a contingent right to receive one share of the common stock of the Company.
Represents the amount of RSUs that were converted into shares of common stock of the Company upon settlement of a portion of the reporting person's 2023 RSU LTIP award.
Represents the aggregate amount of RSUs that were converted into an equivalent number of deferred share 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.
Each DSU represents a contingent right to receive one share of common stock of the Company.
William J. White, attoney-in-fact
2024-03-04