secwatch.observer — SEC 8-K summary
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Issuer:     OCTAVE SPECIALTY GROUP INC (OSG)
CIK:        0000874501
Form:       8-K
Filed at:   2025-09-30T23:59:59+00:00
Accession:  0001628280-25-043221
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874501/000162828025043221/0001628280-25-043221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874501/000162828025043221/ambc-20250930.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-043221

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer