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