Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
+Added: ($ in thousands, except per share amounts)
Market Information
The Company 's common stock trades on the NYSE under the symbol “AMBC".
−Removed: The Company's warrants previously traded on the NYSE under the symbol "AMBC WS" and as of April 30, 2023, all of the then outstanding warrants expired without being exercised.
−Removed: On February 26, 2024, there were 16 stockholders of record of AFG’s common stock.
+Added: On March 4, 2025, there were 27 stockholders of record of AFG’s common stock.
The Company did not pay cash dividends on its common stock during 2024 and 2023.
2 unchanged sentences
Purchases of Equity Securities By the Issuer and Affiliated Purchasers
+Added: When restricted stock unit awards issued by Ambac vest or settle, they become taxable compensation to employees.
+Added: For certain awards, shares may be withheld to cover the employee's portion of withholding taxes.
+Added: In the fourth quarter of 2024, Ambac purchased shares from employees that settled restricted stock units to meet employee tax withholdings.
+Added: On March 29, 2022, our Board of Directors approved a share repurchase program authorizing up to $20,000 in share repurchases, with an expiration date of March 31, 2024.
+Added: On May 5, 2022, the Board of Directors authorized an additional $15,000 share repurchase.
+Added: This program expired on March 31, 2024.
+Added: On November 12, 2024, Ambac’s Board of Directors authorized a share repurchase program, under which Ambac may opportunistically repurchase up to $50,000 of the Company’s common shares at management’s discretion over the period ending on December 31, 2026.
+Added: From November 1, 2024, through December 31, 2024, AFG repurchased 937,141 shares for $11,698.5 at an average purchase price of $12.48 per share.
+Added: Shares purchased from employees to satisfy withholding taxes, as described above, do not count towards utilization under the Company's share repurchase program.
The following table summarizes Ambac's share purchases during the fourth quarter of 2024.
−Removed: October 2023 November 2023 December 2023 Fourth Quarter 2023
+Added: ($ in thousands)
+Added: Oct-2024 Nov-2024 Dec-2024 Fourth Quarter 2024
Total Shares Purchased
3 unchanged sentences
$ — $ 42,713 $ 37,674 $ 37,674
−Removed: (1) There were no other repurchase of equity securities made during the three months ended December 31, 2023.
When restricted stock unit awards issued by Ambac vest or settle, they become taxable compensation to employees.
1 unchanged sentence
In the fourth quarter of 2024, Ambac purchased shares from employees that settled restricted stock units to meet employee tax withholdings.
−Removed: On March 29, 2022, our Board of Directors approved a share repurchase program authorizing up to $20 million in share repurchases, with an expiration date of March 31, 2024, which may be terminated at any time.
−Removed: On May 5, 2022, the Board of Directors authorized an additional $15 million share repurchase.
The following table shows shares repurchased by year.
−Removed: ($ in millions, except per share)
−Removed: Year ended December 31, 2022 2023 Total
+Added: ($ in thousands,
+Added: except per share)
+Added: Year ended December 31, 2022 2023 2024
Shares repurchased 1,605,316
3 unchanged sentences
Unused authorization amount $ 38,302
−Removed: Shares purchased from employees to satisfy withholding taxes, as described above, do not count towards utilization under the Company's share repurchase program.
Ambac Financial Group, Inc.
12 unchanged sentences
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.