Altisource officer reports RSU vesting, tax withholding
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Rhea-AI Filing Summary
ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Legal/Compliance Officer Gregory J. Ritts reported the vesting of restricted share units and related common stock transactions on February 20, 2026. He received 1,967 shares of common stock upon vesting of time-based RSUs under the company’s incentive plans.
Of these 1,967 shares, 727 shares of common stock were withheld to cover tax obligations, and 1,240 shares were delivered to him. In a separate award, 796 RSUs vested into common stock, while 794 RSUs from that grant are scheduled to vest on February 20, 2027. Following these transactions, he directly held 54,848 shares of common stock and his holdings include 19,666 RSUs, each representing a right to one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 796 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 1,171 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,967 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 727 | $0.00 | $0.00 |
Footnotes (6)
- F1. Mr. Ritts received 1,967 shares of Altisource Portfolio Solutions S.A. (the "Company" or "ASPS") common stock upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to awards under the Company's 2024 Long Term Incentive Plan ("LTIP") and 2023 Annual Incentive Plan ("AIP").
- F2. Of the 1,967 RSUs that vested, 727 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 1,240 shares of ASPS common stock to Mr. Ritts. The price per share used to determine the tax withholding was the opening price of ASPS common stock on February 20, 2026.
- F3. Includes 19,666 RSUs.
- F4. Each RSU represents a contingent right to receive one share of ASPS common stock.
- F5. Mr. Ritts received 796 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2024 LTIP. The remaining 794 RSUs are scheduled to vest on the third anniversary of the grant date (i.e., February 20, 2027).
- F6. Represents the final vesting of time-based RSUs granted to Mr. Ritts on February 20, 2024 pursuant to the 2023 AIP.
FAQ
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What insider transactions did ASPS executive Gregory J. Ritts report?
What RSU awards vested for ASPS executive Gregory J. Ritts on February 20, 2026?
When will the remaining Altisource (ASPS) RSUs reported by Gregory J. Ritts vest?
What does each RSU reported by Altisource (ASPS) executive Gregory J. Ritts represent?
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