ONITY EVP exercises 2,057 RSUs, nets new shares
ONITY GROUP INC. executive Wade Aaron D, EVP & Chief Investment Officer, exercised previously granted equity awards and settled related taxes in shares.
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Rhea-AI Filing Summary
ONITY GROUP INC. executive Wade Aaron D, EVP & Chief Investment Officer, exercised previously granted equity awards and settled related taxes in shares. He converted 2,057 restricted stock units into 2,057 shares of common stock at an exercise price of $0.00 per share. To cover tax withholding obligations, 1,047 common shares were withheld at $37.54 per share, a non-market disposition. Following these transactions, he directly owns 16,138 shares of common stock. The RSUs relate to a 6,171-unit grant awarded on March 29, 2024, scheduled to vest in three equal annual installments, each unit representing a contingent right to receive one share upon vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,057 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,057 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,047 | $37.54 | $39K |
Footnotes (3)
- F1. On March 29, 2024, the reporting person was granted 6,171 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
Exercise or conversion of derivative security financial
tax withholding obligations financial
Payment of exercise price or tax liability by delivering securities financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ONIT executive Wade Aaron D report on this Form 4?
What are Wade Aaron D’s ONIT common stock holdings after these transactions?
What was the original ONIT restricted stock unit grant underlying this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.