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(b) Purchases of Equity Securities By the Issuer and Affiliated Purchasers
−Removed: The following table summarizes Ambac's share purchases during the first quarter of 2024.
−Removed: Jan-2024 Feb-2024 Mar-2024 First Quarter 2024
−Removed: Total Shares Purchased — — 42,016 42,016
−Removed: Average Price Paid Per Share $ — $ — $ 16.24 $ 16.24
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plan — — — —
−Removed: Approximate Dollar Value of Shares That may Yet be Purchased Under the Plan (in millions) $ 16 $ 16 $ — $ —
When restricted stock unit awards issued by Ambac vest or settle, they become taxable compensation to employees.
−Removed: For certain awards, shares may be withheld to cover the employee's portion of withholding taxes.
−Removed: In the first quarter of 2024, Ambac purchased shares from employees that settled restricted stock units to meet employee tax withholdings.
+Added: Shares may be
+Added: withheld to cover the employee's portion of withholding taxes.
+Added: In the second quarter of 2024, no employee equity settlements occurred and Ambac did not purchase shares from employees to meet employee tax withholdings.
On March 29, 2022, our Board of Directors approved a share repurchase program authorizing up to $20 million in share repurchases, and on May 5, 2022, the Board of Directors authorized an additional $15 million share repurchase.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.