ONITY Group (NYSE: ONIT) director receives 3,627 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Busquet Jacques J reported acquisition or exercise transactions in this Form 4 filing.
ONITY GROUP INC. director Jacques J. Busquet received an equity award in the form of restricted stock units (RSUs). He was granted 3,627 RSUs representing the right to receive one share of common stock per unit for no additional cost. These RSUs will vest on May 19, 2027, if he continues to meet service conditions as a director. After this grant, his direct holdings total 51,825 shares of common stock, including 3,188 RSUs scheduled to vest on May 21, 2026 and 1,000 shares held jointly with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Busquet Jacques J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,627 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,825 shares (Direct, null)
Footnotes (1)
- Consists of restricted stock units representing a contingent right to receive one share of common stock for no additional consideration (RSUs). The RSUs will vest May 19, 2027, subject to certain conditions relating to the reporting person's service as a director of the issuer. Includes shares underlying 3,188 RSUs which will vest May 21, 2026 and 1,000 shares held jointly with spouse.
Key Figures
RSUs granted: 3,627 RSUs
Vesting date for new RSUs: May 19, 2027
Shares after transaction: 51,825 shares
+3 more
6 metrics
RSUs granted
3,627 RSUs
Equity award to director on May 19, 2026
Vesting date for new RSUs
May 19, 2027
Vest date for 3,627 RSUs
Shares after transaction
51,825 shares
Total direct holdings following grant
Existing RSUs
3,188 RSUs
RSUs vesting May 21, 2026
Jointly held shares
1,000 shares
Held jointly with spouse
Grant price per share
$0.0000 per share
No cash consideration for RSU grant
Key Terms
restricted stock units, RSUs, contingent right, Common Stock
4 terms
restricted stock units financial
"Consists of restricted stock units representing a contingent right to receive one share of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Includes shares underlying 3,188 RSUs which will vest May 21, 2026"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"representing a contingent right to receive one share of common stock for no additional consideration"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did ONIT director Jacques J. Busquet report?
Jacques J. Busquet reported receiving 3,627 restricted stock units (RSUs) of ONITY GROUP INC. common stock. These RSUs are a share-based compensation award, not an open-market stock purchase or sale, and convert into shares if vesting conditions are satisfied.
When do the newly granted ONIT restricted stock units vest?
The 3,627 newly granted ONITY GROUP INC. RSUs vest on May 19, 2027. Vesting is subject to conditions tied to Jacques J. Busquet’s continued service as a director, meaning he must remain in his role for the units to settle into shares.
Is the ONIT Form 4 transaction a stock purchase or sale?
The ONITY GROUP INC. Form 4 shows a grant of 3,627 RSUs, coded as an acquisition (A). This is a compensation-related award with no cash paid per share, rather than an open-market purchase or sale of common stock by the director.
How are the ONIT RSUs described in Jacques J. Busquet’s filing?
The RSUs are described as restricted stock units representing a contingent right to receive one share of ONITY GROUP INC. common stock for no additional consideration. They convert into shares only if the vesting and service conditions are met by the specified vesting dates.