Altisource (NASDAQ: ASPS) CLO reports RSU tax share withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Altisource Portfolio Solutions S.A. reported an insider tax-related share disposition by its Chief Legal/Compliance Officer, Gregory J. Ritts. On February 25, 2026, 5,821 shares of common stock were withheld to cover his tax obligation upon vesting of previously granted restricted share units.
After this tax-withholding disposition, 9,912 shares were delivered to Mr. Ritts, and his direct holdings increased to 49,027 common shares, which include 3,933 RSUs previously reported. The transaction did not involve an open-market sale for cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RITTS GREGORY J.
Role
Chief Legal/Compliance Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,821 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 49,027 shares (Direct)
Footnotes (1)
- Shares of Altisource Portfolio Solutions S.A. ("ASPS") common stock were withheld to satisfy Mr. Ritts' tax withholding obligation upon the vesting of previously reported time-based restricted share units ("RSUs"), granted pursuant to the Company's 2024 Annual Incentive Plan. A total of 5,821 shares were withheld, and 9,912 shares were delivered to Mr. Ritts. The tax withholding was calculated based on the opening price of ASPS common stock on February 25, 2026. Includes 3,933 RSUs previously reported in Table I.
FAQ
What insider transaction did ASPS disclose for Gregory J. Ritts?
Altisource (ASPS) disclosed a tax-related share disposition for Gregory J. Ritts. The company withheld 5,821 common shares to cover his tax obligation when restricted share units vested, while 9,912 shares were delivered to him as part of the same vesting event.
What plan governed the RSUs involved in the ASPS insider transaction?
The RSUs involved were granted under Altisource’s 2024 Annual Incentive Plan. When these time-based restricted share units vested, the company withheld some shares to cover taxes and delivered the remainder to Gregory J. Ritts as part of his equity compensation package.