Ambac accelerates PSU vesting for CEO, CFO, COO after Assurance sale; 2023 awards at 121.5%

OCTAVE SPECIALTY GROUP INC

PSU acceleration effective Sept 30, 2025, after Sept 29 closing of Ambac Assurance sale.
2023 PSUs vest at 121.5% of target; 2024 PSUs at 100% of target.
CEO Claude LeBlanc receives 368,313 vested PSUs, CFO David Trick 89,071, COO R. Sharon Smith 79,441.
Committee cited concluded legacy business activities as reason for acceleration.

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