Ambac (AMBC) Executive Granted 55,433 RSUs and Performance Options
Rhea-AI Filing Summary
Ambac Financial Group reporting person R. Sharon Smith received equity awards on 10/03/2025. A Performance Stock Option for 284,125 shares with an exercise price of $8.93 was granted and is eligible to vest against four price hurdles over five years: $18.00, $21.50, $25.00, and $30.00. The grant vests starting one year after the grant date and vests in percentages (40%, 20%, 20%, 20%) tied to sustained share-price levels. The reporting person also received 55,433 restricted stock units that convert one-for-one to common shares; these RSUs vest after one year but will not settle until the earlier of the fifth anniversary or the reporting person’s termination, subject to limited exceptions. Following the transactions the Form 4 reports beneficial ownership figures of 284,125 option shares and 106,200 common stock-equivalent RSUs.
Positive
- Performance Stock Option of 284,125 shares aligns executive pay with long‑term stock performance via four price hurdles
- 55,433 Restricted Stock Units with one‑year vesting and delayed settlement support retention and deferred compensation
Negative
- None.
Insights
Executive received performance-linked option and time‑delayed RSU awards.
The reporting person was granted a 284,125 performance stock option at a $8.93 exercise price with vesting tied to four sustained share‑price hurdles over a five‑year period, starting after one year. This links pay to long‑term stock performance rather than time alone.
The award also includes 55,433 RSUs that vest after one year but do not settle until the earlier of five years or termination, which delays share issuance and aligns retention incentives; the Form 4 shows 106,200 common stock equivalents following the transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Option | 284,125 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 55,433 | $0.00 | -- |
Footnotes (1)
- The Performance Stock Option shall be eligible to vest beginning one year after the grant date based on Ambac Financial Group's (the "Company") achievement of the certain price hurdles related to the shares of Common Stock, during the five (5) year period following the grant date as follows: (i) 40 % shall vest on the date on which the sustained stock price first exceeds $18.00 per share; (ii) 20% shall vest on the date on which the sustained stock price first exceeds $21.50 per share; (iii) 20% shall vest on the date on which the sustained stock price first exceeds $25.00 per share; and (iv) 20% shall vest on the date on which the sustained stock price first exceeds $30.00 per share. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Company. On October 3, 2025 the reporting person received a special RSU grant that will vest and become non-forfeitable after one year (subject to limited exceptions), but will not settle until the earlier of the fifth (5) year anniversary of the grant date or the reporting person's termination date, provided such termination occurs after the one year vesting date.
