Form 4 for OSG OCTAVE SPECIALTY GROUP INC
Accepted 2024-02-23 00:00:00 ET · period of report 2024-02-21 · accession 0000874501-24-000014 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-02-23 | 2024-02-21 | OSG | Smith R Sharon | EVP, Chief Strategy Offr | F - Tax | $16.25 | -2,046 | 73.6K | -3% | -$33.2K |
| D | 2024-02-23 | 2024-02-21 | OSG | Smith R Sharon | EVP, Chief Strategy Offr | M - OptEx | $0.00 | +2,046 | 75.7K | +3% | $0 |
| D | 2024-02-23 | 2024-02-21 | OSG | Smith R Sharon | EVP, Chief Strategy Offr | A - Grant | $0.00 | +43.1K | 54.7K | +370% | $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 | 2024-02-21 | F | D | 2,046 | $16.25 | 73,607 | D | — | — | (F2) As part of the vesting and settlement of a portion of the 2021 LTIP award, 2,046 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations. |
| 2 | Common | Common Stock | 2024-02-21 | M | A | 2,046 | $0.00 | 75,653 | D | — | — | (F1) The reporting person acquired 2.046 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of a portion of the reporting person's 2021 Long Term Incentive Plan award, which had a three year performance period and vested on February 21, 2024. |
| 3 | Derivative | Deferred Share Units | 2024-02-21 | A | A | 43,079 | $0.00 | 54,725 | D | — · — to — | 43,079 Common Stock | (F3) Each deferred share unit ("DSU") represents a contingent right to receive one share of common stock of the Company. (F4) Represents the aggregate amount of performance stock units ("PSUs") that were converted into an equivalent number of 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 PSU and restricted stock unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended. |