What performance conditions apply to the AGO CEO’s 33,980-share award?

The 33,980-share award is based on achieving relative total shareholder value targets. The filing explains that these performance-based conditions determined the number of common shares granted, linking the award size to how Assured Guaranty’s shareholder returns compare with specified benchmarks.

When will the AGO CEO’s 33,980-share award be delivered?

The 33,980-share award has vested and will be delivered in February 2027. Delivery is contingent on Dominic Frederico continuing to comply with the terms of the award agreement through that time, as described in the filing footnote.

Assured Guaranty (NYSE: AGO) CEO granted 33,980 performance shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ASSURED GUARANTY LTD President, CEO and Deputy Chairman Dominic Frederico reported an equity award of 33,980 Common Shares, classified as a grant or award acquisition at no cash price. The number of shares was determined based on the achievement of 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, Frederico directly holds 1,298,275.0034 Common Shares. He also has indirect holdings of 345,000 Common Shares through a family limited partnership, 9,400 Common Shares held by his wife, and 200 Common Shares held by his daughter.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider FREDERICO DOMINIC

Role President/CEO/Deputy Chairman

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	33,980	$0.00	--
holding	Common Shares	--	--	--
holding	Common Shares	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 1,298,275.003 shares (Direct, null); Common Shares — 9,400 shares (Indirect, By Wife)

Footnotes (1)

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Key Figures

Equity award: 33,980 Common Shares Direct holdings after award: 1,298,275.0034 Common Shares Family LP indirect holdings: 345,000 Common Shares +2 more

5 metrics

Equity award 33,980 Common Shares Grant/award acquisition to CEO Dominic Frederico

Direct holdings after award 1,298,275.0034 Common Shares Direct ownership following the reported grant

Family LP indirect holdings 345,000 Common Shares Held indirectly via family limited partnership

Spousal indirect holdings 9,400 Common Shares Held indirectly by wife

Daughter’s indirect holdings 200 Common Shares Held indirectly by daughter

Key Terms

relative total shareholder value, vested, award agreement, Common Shares

4 terms

relative total shareholder value financial

"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

"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.

Common Shares financial

"Common Shares, classified as a grant or award acquisition"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 06:28 PM

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^*

FREDERICO DOMINIC

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President/CEO/Deputy Chairman

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		33,980⁽¹⁾	A	$0	1,298,275.0034	D
Common Shares								9,400	I	By Wife
Common Shares								200	I	By Daughter
Common Shares								345,000	I	By Family Limited Partnership

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, Attorney-in-fact	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

FAQ

What insider transaction did AGO CEO Dominic Frederico report on this Form 4?

Dominic Frederico reported receiving a grant of 33,980 Assured Guaranty common shares as an equity award. The shares were awarded with no cash purchase price and are tied to relative total shareholder value performance targets set under an award agreement.

How many Assured Guaranty (AGO) shares does the CEO hold after this award?

After this award, Dominic Frederico holds 1,298,275.0034 Assured Guaranty common shares directly. In addition, there are indirect holdings of 345,000 shares via a family limited partnership, 9,400 shares held by his wife, and 200 shares held by his daughter.

Are the new AGO shares reported on the Form 4 a market purchase or a grant?

The Form 4 identifies the 33,980 Assured Guaranty common shares as a grant, award, or other acquisition. The transaction code is A, indicating a compensation-related equity award rather than an open-market share purchase by Dominic Frederico.