0000874501-24-000053.txt : 20240301
0000874501-24-000053.hdr.sgml : 20240301
20240301160529
ACCESSION NUMBER: 0000874501-24-000053
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240228
FILED AS OF DATE: 20240301
DATE AS OF CHANGE: 20240301
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Trick David
CENTRAL INDEX KEY: 0001480597
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10777
FILM NUMBER: 24709578
MAIL ADDRESS:
STREET 1: AMBAC FINANCIAL GROUP, INC.
STREET 2: 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_1709327097.xml
FORM 4
X0508
4
2024-02-28
0
0000874501
AMBAC FINANCIAL GROUP INC
AMBC
0001480597
Trick David
AMBAC FINANCIAL GROUP, INC.
ONE WORLD TRADE CENTER, 41ST FLOOR
NEW YORK
NY
10007
0
1
0
0
Exec VP, CFO & Treasurer
0
Common Stock
2024-02-28
4
M
0
220
0
A
152602
D
Common Stock
2024-02-28
4
F
0
220
16.94
D
152382
D
Restricted Stock Units
2024-03-28
4
M
0
6008
0
D
Common Stock
6008
31093
D
Restricted Stock Units
2024-02-28
4
M
0
220
0
D
Common Stock
220
30873
D
Deferred Share Units
2024-03-28
4
A
0
6008
0
A
Common Stock
6008
69360
D
The reporting person acquired 220 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the vesting and settlement of a portion of the reporting person's 2022 restricted stock unit Long Term Incentive Plan ("2022 RSU LTIP") award.
As part of the vesting and settlement of a portion of the 2022 RSU LTIP award, 220 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Company.
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.
Represents the amount of RSUs that were converted into shares of common stock upon the vesting and settlement of a portion of the reporting person's 2022 RSU LTIP award.
Each DSU represents a contingent right to receive one share of the Company's common stock.
William J. White, attoney-in-fact
2024-03-01