Altisource CLO Ritts gets shares from RSU vesting
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Rhea-AI Filing Summary
ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Legal/Compliance Officer Gregory J. Ritts reported equity compensation activity tied to restricted share units. On February 20, 2026, he received 1,967 shares of common stock upon vesting of time-based RSUs under the company’s 2024 Long Term Incentive Plan and 2023 Annual Incentive Plan.
Of these 1,967 vested RSUs, 904 shares were withheld to cover tax obligations, and 1,063 shares were delivered to him. He also received 796 shares from another RSU vesting, with 794 RSUs scheduled to vest on February 20, 2027. After these transactions, he directly held 51,526 shares of common stock, and his holdings include 19,666 RSUs, each representing a contingent right to one share.
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 | 904 | $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, 904 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 1,063 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 did ASPS executive Gregory J. Ritts report in this Form 4?
What future RSU vesting is scheduled for ASPS executive Gregory J. Ritts?
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