Was Ling Chow’s AGO share transaction an open-market purchase or a grant?

The transaction was a grant or award of 5,970 common shares, not an open-market purchase. The shares were issued at $0.00 per share based on performance targets, classifying it as compensation rather than a discretionary market trade.

What performance metric determined Ling Chow’s 5,970-share AGO award?

The 5,970-share award was determined by achieving relative total shareholder value targets. This means the number of shares granted depended on how Assured Guaranty’s shareholder returns compared with a defined peer or benchmark over a measurement period.

Assured Guaranty GC awarded 5,970 common shares

Chow Ling reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/04/2026 - 06:22 PM EDT

Filing Impact

(Neutral)

Filing Sentiment

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Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

Chow Ling reported acquisition or exercise transactions in this Form 4 filing.

Assured Guaranty Ltd General Counsel and Secretary Ling Chow reported receiving an award of 5,970 common shares at $0.00 per share as a compensation grant. The number of shares was determined by achieving relative total shareholder value targets. These shares have vested and are scheduled to be delivered in February 2027, subject to continued compliance with the award agreement. Following this award, Chow directly holds 195,570 common shares of Assured Guaranty.

Insider Trade Summary

Grant/Award: 5,970 shares

Grant/Award 1 txn

Insider Chow Ling

Role General Counsel and Secretary

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	5,970	$0.00	$0.00

Holdings After Transaction: Common Shares — 195,570 shares (Direct)

Holdings Before and After: Common Shares, 189,600 to 195,570 shares (Direct)

Footnotes (1)

F1. Represents the determination of the number of common shares to be delivered based on the achievement of relative total shareholder value targets. These shares have vested and will be delivered in February 2027 subject to continued compliance with the terms of the award agreement.

Key Figures

Shares granted: 5,970 shares Grant price per share: $0.00 per share Total holdings after grant: 195,570 shares +1 more

4 metrics

Shares granted 5,970 shares Compensation grant of common shares on May 1, 2026

Grant price per share $0.00 per share Reported price for awarded common shares

Total holdings after grant 195,570 shares Direct common share holdings following the transaction

Scheduled delivery date February 2027 Delivery of vested award shares subject to agreement terms

Key Terms

relative total shareholder value, vested, award agreement

3 terms

relative total shareholder value financial

"determination of the number of common shares based on the achievement of relative total shareholder value targets"

vested financial

"These shares have vested and will be delivered in February 2027"

award agreement financial

"will be delivered in February 2027 subject to continued compliance with the terms of the award agreement"

An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Ling Chow report for ASSURED GUARANTY LTD (AGO)?

Ling Chow reported a compensation-related acquisition of 5,970 Assured Guaranty common shares. The award reflects performance against relative total shareholder value targets and is recorded at $0.00 per share, indicating a grant rather than a market purchase.

How many ASSURED GUARANTY LTD (AGO) shares does Ling Chow hold after this Form 4?

After the reported award, Ling Chow directly holds 195,570 Assured Guaranty common shares. This total reflects her position following the 5,970-share grant, providing context for the scale of the transaction relative to her overall holdings.

When will the 5,970 awarded AGO shares be delivered to Ling Chow?

The 5,970 awarded Assured Guaranty shares will be delivered in February 2027. Delivery is contingent on continued compliance with the terms of the award agreement, even though the performance-based vesting conditions have already been achieved.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chow Ling

(Last)

(First)

(Middle)

30 WOODBOURNE AVENUE 5TH FLOOR

(Street)

HAMILTON

HM 08

(City)

(State)

(Zip)

BERMUDA

(Country)

2. Issuer Name and Ticker or Trading Symbol
ASSURED GUARANTY LTD [ AGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	General Counsel and Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/01/2026		A		5,970⁽¹⁾	A	$0	195,570	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the determination of the number of common shares to be delivered based on the achievement of relative total shareholder value targets. These shares have vested and will be delivered in February 2027 subject to continued compliance with the terms of the award agreement.

Remarks:

	/s/ Ling Chow	05/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR