Form 4 for OSG OCTAVE SPECIALTY GROUP INC
Accepted 2024-03-01 00:00:00 ET · period of report 2024-02-28 · accession 0000874501-24-000053 · 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 | 2024-03-01 | 2024-02-28 | OSG | Trick David | EVP, CFO, Treas | M - OptEx | $0.00 | +220 | 152.6K | +0.1% | $0 |
| D | 2024-03-01 | 2024-02-28 | OSG | Trick David | EVP, CFO, Treas | F - Tax | $16.94 | -220 | 152.4K | -0.1% | -$3,727 |
| D | 2024-03-01 | 2024-03-28 | OSG | Trick David | EVP, CFO, Treas | A - Grant | $0.00 | +6,008 | 69.4K | +9% | $0 |
| DM | 2024-03-01 | 2024-02-28+ | OSG | Trick David | EVP, CFO, Treas | M - OptEx | $0.00 | -6,228 | 31.1K | -17% | $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 | 2024-02-28 | M | A | 220 | $0.00 | 152,602 | D | — | — | (F1) The reporting person acquired 220 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the vesting and settlement of a portion of the reporting person's 2022 restricted stock unit Long Term Incentive Plan ("2022 RSU LTIP") award. |
| 2 | Common | Common Stock | 2024-02-28 | F | D | 220 | $16.94 | 152,382 | D | — | — | (F2) As part of the vesting and settlement of a portion of the 2022 RSU LTIP award, 220 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations. |
| 3 | Derivative | Deferred Share Units | 2024-03-28 | A | A | 6,008 | $0.00 | 69,360 | D | — · — to — | 6,008 Common Stock | (F6) Each DSU represents a contingent right to receive one share of the Company's 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. |
| 4 | Derivative | Restricted Stock Units | 2024-02-28 | M | D | 220 | $0.00 | 30,873 | D | — · — to — | 220 Common Stock | (F3) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Company. (F5) Represents the amount of RSUs that were converted into shares of common stock upon the vesting and settlement of a portion of the reporting person's 2022 RSU LTIP award. |
| 5 | Derivative | Restricted Stock Units | 2024-03-28 | M | D | 6,008 | $0.00 | 31,093 | D | — · — to — | 6,008 Common Stock | (F3) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Company. (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. |