Onity Group EVP Exercises 1,531 RSUs
ONITY GROUP INC. executive James Andrew Peach, EVP & Chief Lending Officer, exercised 1,531 restricted stock units into common shares.
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Rhea-AI Filing Summary
ONITY GROUP INC. executive James Andrew Peach, EVP & Chief Lending Officer, exercised 1,531 restricted stock units into common shares. These RSUs are part of a 4,592-unit grant awarded on March 29, 2024 that vests in three equal annual installments, subject to continued employment and other conditions.
Following the vesting, 665 common shares were withheld at $37.54 per share to satisfy tax withholding obligations, which is not an open-market sale. After these transactions, Peach directly holds 1,729 shares of common stock, reflecting a routine compensation-related equity vesting and associated tax settlement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,531 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,531 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 665 | $37.54 | $25K |
Footnotes (3)
- F1. On March 29, 2024, the reporting person was granted 4,592 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive one share of common stock on the vesting date.
- F2. Shares withheld pursuant to terms of the award to cover tax withholding obligations.
- F3. Not applicable.
Key Figures
Key Terms
Restricted Stock Units financial
vest in three equal annual installments financial
tax withholding obligations financial
Exercise or conversion of derivative security financial
FAQ
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