Altisource (ASPS) legal chief uses stock to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Altisource Portfolio Solutions’ Chief Legal/Compliance Officer Gregory J. Ritts had company shares withheld to cover taxes on vesting restricted share units, rather than selling stock on the market. A total of 5,821 shares were withheld and 9,912 shares were delivered to him, leaving 55,911 shares owned, including 6,826 RSUs.
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 — 55,911 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, 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 6,826 RSUs.
FAQ
What insider transaction did Altisource (ASPS) report for Gregory J. Ritts?
Altisource reported that Chief Legal/Compliance Officer Gregory J. Ritts had shares withheld to satisfy tax obligations on vesting RSUs. 5,821 shares were withheld and 9,912 shares were delivered, a routine tax-withholding disposition rather than an open-market sale.
How was the tax withholding on Altisource (ASPS) RSUs calculated for this transaction?
The tax withholding was calculated using the opening price of Altisource common stock on February 25, 2026. Based on that price, 5,821 shares were withheld to satisfy Mr. Ritts’ tax obligation when his time-based RSUs vested.