ONIT Director Robert S. Welborn Files Initial Form 3, No Shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ONITY GROUP INC. (ONIT) filed a Form 3 disclosing that Robert S. Welborn became a Director and, as of the reported event date 10/01/2025, did not own any securities of the issuer. The filing was made by one reporting person and signed on behalf of Mr. Welborn by an attorney-in-fact (Leah E. Hutton) on 10/03/2025. The submission references Exhibit 24 for the Power of Attorney. This Form 3 serves as the initial statement of beneficial ownership and confirms there were no non-derivative or derivative holdings to report at the time the director role was assumed.
Positive
- Director appointment recorded for Robert S. Welborn on 10/01/2025
- Form 3 filed indicating compliance with Section 16(a) reporting requirements
Negative
- No securities beneficially owned at the time the reporting person became a director
- Reporting executed by attorney-in-fact (signed by Leah E. Hutton) rather than by the reporting person
FAQ
Who filed the Form 3 for ONITY GROUP INC. (ONIT)?
The Form 3 was filed on behalf of Robert S. Welborn (reporting person) and signed by attorney-in-fact Leah E. Hutton on 10/03/2025.
What date triggered the Form 3 filing for ONIT?
The event date requiring the Form 3 was 10/01/2025.
Does Robert S. Welborn own any ONIT securities according to the filing?
No. The filing states that no securities are beneficially owned by the reporting person when becoming a director.
Was the filing submitted by multiple reporting persons?
No. The Form indicates it was filed by one reporting person.
Is there a Power of Attorney referenced in the Form 3?
Yes. The filing references Exhibit 24 for the Power of Attorney authorizing the attorney-in-fact.