The estimated Net Worth of David Barranco is at least $2.86 Million dollars as of 8 March 2024. Mr. Barranco owns over 7,001 units of AMBAC stock worth over $1,218,736 and over the last 12 years he sold AMBC stock worth over $0. In addition, he makes $1,638,070 as Senior Managing Director at AMBAC.
David has made over 28 trades of the AMBAC stock since 2017, according to the Form 4 filled with the SEC. Most recently he exercised 7,001 units of AMBC stock worth $74,631 on 8 March 2024.
The largest trade he's ever made was exercising 41,493 units of AMBAC stock on 22 February 2023 worth over $442,315. On average, David trades about 5,262 units every 63 days since 2013. As of 8 March 2024 he still owns at least 114,328 units of AMBAC stock.
You can see the complete history of Mr. Barranco stock trades at the bottom of the page.
David Barranco serves as Senior Managing Director of the Company. Mr. Barranco is the head of Risk Management, a position he has held since October 2016. Mr. Barranco has executive responsibility for risk remediation, credit risk management, surveillance and other related risk management responsibilities across the insured portfolio. Previously, he was head of the Restructuring Group and had responsibility for corporate development and strategy. Since September 2011, Mr. Barranco has served as Executive Director of Ambac Assurance UK Limited, Ambac’s London-based financial guarantee subsidiary. Mr. Barranco joined Ambac in 1999.
As the Senior Managing Director of AMBAC, the total compensation of David Barranco at AMBAC is $1,638,070. There are 4 executives at AMBAC getting paid more, with Claude LeBlanc having the highest compensation of $5,588,240.
David Barranco is 49, he's been the Senior Managing Director of AMBAC since 2012. There are 14 older and 2 younger executives at AMBAC. The oldest executive at AMBAC Financial Group Inc. is Claude Prieur, 69, who is the Independent Director.
David's mailing address filed with the SEC is AMBAC FINANCIAL GROUP, INC., ONE WORLD TRADE CENTER, 41ST FLOOR, NEW YORK, NY, 10007.
Over the last 2001 years, insiders at AMBAC have traded over $0 worth of AMBAC stock and bought 620,503 units worth $8,494,882 . The most active insiders traders include Claude Le Blanc, Tavakoli Nader und C James Prieur. On average, AMBAC executives and independent directors trade stock every 3430 days with the average trade being worth of $117,111. The most recent stock trade was executed by R Sharon Smith on 8 August 2024, trading 1,100 units of AMBC stock currently worth $11,704.
ambac financial group, inc. (“ambac”), headquartered in new york city, is a holding company whose subsidiaries, including its principal operating subsidiary, ambac assurance corporation (“ambac assurance”), everspan financial guarantee corporation, and ambac assurance uk limited, provided financial guarantees and other financial services to clients in both the public and private sectors globally. ambac assurance, including the segregated account of ambac assurance (in rehabilitation), is a guarantor of public finance and structured finance obligations. ambac is also exploring opportunities involving the development or acquisition of new financial services businesses. ambac’s common stock trades on the nasdaq global select market (nasdaq: ambc)
AMBAC executives and other stock owners filed with the SEC include: