Altisource (ASPS) grants 19,215 RSUs to board director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MORETTINI JOSEPH L reported acquisition or exercise transactions in this Form 4 filing.
ALTISOURCE PORTFOLIO SOLUTIONS S.A. director Joseph L. Morettini reported an equity compensation grant. On May 21, 2026, he received 19,215 restricted share units (RSUs) as compensation for his service as a non-management director for the 2026–2027 service year.
Each RSU represents a contingent right to receive one share of Altisource common stock. The RSUs will vest on the date of the Company’s 2027 Annual General Meeting of Shareholders if he attends at least 75% of all Board and Committee meetings on which he serves. Following this award, he directly holds 57,185 shares of common stock, including 19,215 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MORETTINI JOSEPH L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,215 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 57,185 shares (Direct, null)
Footnotes (1)
- On May 21, 2026, Mr. Morettini received 19,215 restricted share units ("RSUs") as compensation for his service as a non-management director of Altisource Portfolio Solutions S.A. ("ASPS" or the "Company") for the 2026 to 2027 service year. Each RSU represents a contingent right to receive one share of ASPS Common Stock. The RSUs will vest on the date of the Company's 2027 Annual General Meeting of Shareholders, provided that Mr. Morettini attends at least 75% of all Board and Committee meetings on which he serves. Includes 19,215 unvested RSUs.
Key Figures
RSUs granted: 19,215 RSUs
Shares after transaction: 57,185 shares
RSUs included in holdings: 19,215 RSUs
+2 more
5 metrics
RSUs granted
19,215 RSUs
Equity compensation for 2026–2027 service year
Shares after transaction
57,185 shares
Direct holdings following RSU award, includes unvested RSUs
RSUs included in holdings
19,215 RSUs
Unvested RSUs included in reported total holdings
Transaction date
May 21, 2026
Grant/award acquisition of RSUs reported on Form 4
Grant price per share
$0.00 per share
RSU equity award received as compensation, not a purchase
Key Terms
restricted share units ("RSUs"), non-management director, contingent right, Annual General Meeting of Shareholders, +1 more
5 terms
non-management director financial
"as compensation for his service as a non-management director of Altisource Portfolio Solutions S.A."
contingent right financial
"Each RSU represents a contingent right to receive one share of ASPS Common Stock."
Board and Committee meetings financial
"provided that Mr. Morettini attends at least 75% of all Board and Committee meetings on which he serves."
FAQ
What did Altisource (ASPS) director Joseph L. Morettini report on this Form 4?
Joseph L. Morettini reported receiving 19,215 restricted share units as equity compensation. These RSUs relate to his service as a non-management director of Altisource Portfolio Solutions S.A. for the 2026–2027 service year and are not an open-market stock purchase.
How many Altisource (ASPS) RSUs were granted to Joseph L. Morettini?
He was granted 19,215 restricted share units. Each RSU represents a contingent right to receive one share of Altisource common stock, subject to vesting conditions tied to Board and Committee meeting attendance and the timing of the 2027 Annual General Meeting.
What are the vesting conditions for Joseph L. Morettini’s 19,215 Altisource (ASPS) RSUs?
The 19,215 RSUs will vest on the date of Altisource’s 2027 Annual General Meeting of Shareholders. Vesting requires that Mr. Morettini attend at least 75% of all Board and Committee meetings on which he serves during the relevant service period.
Is Joseph L. Morettini’s Altisource (ASPS) transaction a market purchase or sale?
The transaction is an equity compensation award, not a market trade. He received 19,215 restricted share units at no cash cost per share as compensation for his non-management director service, subject to vesting based on meeting attendance and the 2027 shareholder meeting date.