Equity grant for Assured Guaranty (NYSE: AGO) officer, shares withheld for taxes

Rhea-AI Filing Summary

Assured Guaranty Ltd. Chief Accounting Officer Laura Bieling reported two equity-related transactions in company common shares. On February 20, 2026, she acquired 2,295 restricted share units under the 2024 Long-Term Incentive Plan, with each unit delivering one common share upon vesting on February 20, 2029, assuming continued employment.

On February 22, 2026, 397 common shares were disposed of at $88.39 per share to cover tax liabilities, as shares withheld rather than an open-market sale. After these transactions, she directly owned 15,360 common shares.

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

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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^*

Bieling Laura

(Last) (First) (Middle)

30 WOODBOURNE AVENUE

5TH FLOOR

(Street)

HAMILTON D0 HM 08

(City) (State) (Zip)

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)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	02/20/2026		A		2,295	A	$0(1)	15,757	D
Common Shares	02/22/2026		F		397(2)	D	$88.39	15,360	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted share units awarded pursuant to the Assured Guaranty Ltd. 2024 Long-Term Incentive Plan. With limited exceptions, the restricted share units vest on 2/20/2029, assuming that the holder remains employed at such time. Upon vesting, one Common Share will be delivered for each vested restricted share unit.

2. Common Shares being withheld to pay tax liability.

Remarks:

	/s/ Ling Chow, Attorney-in-fact	02/24/2026
	** 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.

FAQ

What insider transactions did AGO Chief Accounting Officer Laura Bieling report?

Laura Bieling reported receiving 2,295 restricted share units and a disposition of 397 common shares for tax withholding. The grant came under Assured Guaranty Ltd.’s 2024 Long-Term Incentive Plan and the tax shares were withheld at $88.39 per share.

When do Laura Bieling’s new AGO restricted share units vest?

The 2,295 restricted share units vest on February 20, 2029, assuming Laura Bieling remains employed. Upon vesting, one Assured Guaranty Ltd. common share will be delivered for each vested unit, aligning her compensation with long-term shareholder outcomes.

How many AGO shares were used to cover Laura Bieling’s tax liability?

A total of 397 Assured Guaranty Ltd. common shares were withheld to satisfy tax liabilities. These shares were valued at $88.39 each and represent a tax-withholding disposition, rather than an open-market sale, tied to her equity compensation.

How many AGO common shares does Laura Bieling own after these transactions?

After the reported transactions, Laura Bieling directly owns 15,360 Assured Guaranty Ltd. common shares. This total reflects both the grant of restricted share units and the 397-share tax-withholding disposition associated with her equity compensation.

Was Laura Bieling’s AGO share disposition an open-market sale?

The 397-share disposition was not an open-market sale. The filing explains the common shares were withheld solely to pay tax liability, which is typical for equity compensation and recorded using transaction code F for tax-withholding disposition.