Form 4 for OSG OCTAVE SPECIALTY GROUP INC
Accepted 2023-03-02 00:00:00 ET · period of report 2023-02-28 · accession 0000874501-23-000046 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-03-02 | 2023-02-28 | OSG | Ksenak Stephen Michael | GC, Sr. MD | M - OptEx | $8.28 | 0 | 111.8K | New | $0 |
| D | 2023-03-02 | 2023-02-28 | OSG | Ksenak Stephen Michael | GC, Sr. MD | M - OptEx | $0.00 | -178 | 27.3K | -0.6% | $0 |
| DM | 2023-03-02 | 2023-02-28 | OSG | Ksenak Stephen Michael | GC, Sr. MD | A - Grant | $0.00 | 0 | 4,872 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-28 | M | D | 178 | $16.55 | 111,609 | D | — | — | (F2) Represents the aggregate amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations. |
| 2 | Common | Common Stock | 2023-02-28 | M | A | 178 | $0.00 | 111,787 | D | — | — | (F1) Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award. |
| 3 | Derivative | Restricted Stock Units | 2023-02-28 | M | D | 178 | $0.00 | 27,326 | D | — · — to — | 178 Common Stock | (F3) Each RSU represents a contingent right to receive one share of the Company's common stock. (F1) Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award. |
| 4 | Derivative | Restricted Stock Units | 2023-02-28 | A | D | 4,872 | $0.00 | 22,454 | D | — · — to — | 4,872 Common Stock | (F4) 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. (F3) Each RSU represents a contingent right to receive one share of the Company's common stock. (F5) Represents the aggregate amount of RSUs that were converted into DSUs of the Company upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award. |
| 5 | Derivative | Deferred Share Units | 2023-02-28 | A | A | 4,872 | $0.00 | 4,872 | D | — · — to — | 4,872 Common Stock | (F4) 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. (F6) Each DSU represents a contingent right to receive one share of the Company's common stock. (F5) Represents the aggregate amount of RSUs that were converted into DSUs of the Company upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award. |