ONITY Group (ONIT) legal chief exercises RSUs, covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONITY Group EVP & Chief Legal Officer Joseph J. Samarias exercised restricted stock units and had shares withheld for taxes. On April 3, 2026 he converted 7,605 restricted stock units into common stock, and 2,993 shares were withheld at $39.67 per share to cover tax obligations, leaving him with 27,535 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,605 shares exercised/converted
Mixed
6 txns
Insider
Samarias Joseph J
Role
EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,852 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,753 | $0.00 | -- |
| Exercise | Common Stock | 5,852 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,303 | $39.67 | $91K |
| Exercise | Common Stock | 1,753 | $0.00 | -- |
| Tax Withholding | Common Stock | 690 | $39.67 | $27K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 28,775 shares (Direct)
Footnotes (1)
- On April 3, 2023, the reporting person was granted 5,259 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. Between 0% and 200% of the target number of units would be eligible to vest on April 3, 2026 based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement periods. 5,852 restricted stock units vested pursuant to the award on April 3, 2026. Shares withheld pursuant to terms of the award to cover tax withholding obligations. On April 3, 2023, the reporting person was granted 5,259 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant, subject to the reporting person's continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive one share of ONIT common stock on the vesting date. Not applicable.
Key Figures
RSUs converted (performance award): 5,852 units
RSUs converted (time-based award): 1,753 units
Total RSUs exercised: 7,605 units
+5 more
8 metrics
RSUs converted (performance award)
5,852 units
Vested and converted on <date>April 3, 2026</date> from April 3, 2023 performance grant
RSUs converted (time-based award)
1,753 units
Vested and converted on <date>April 3, 2026</date> from three-year vesting grant
Total RSUs exercised
7,605 units
Sum of restricted stock units converted into common stock on <date>April 3, 2026</date>
Shares withheld for taxes
2,993 shares
2,303 shares and 690 shares withheld at <money>$39.67</money> per share for tax obligations
Tax withholding price
$39.67/share
Value used when 2,303 and 690 shares were withheld to cover tax liabilities
Post-transaction holdings
27,535 shares
Common stock directly owned by Samarias after all April 3, 2026 transactions
Performance RSU target grant
5,259 units
Performance-based restricted stock units granted on <date>April 3, 2023</date> with relative TSR conditions
Time-based RSU grant
5,259 units
Time-based restricted stock units granted on <date>April 3, 2023</date> vesting over three years
Key Terms
Restricted Stock Units, absolute total shareholder return, pre-established peer group, time-based vesting schedule, +2 more
6 terms
Restricted Stock Units financial
"On April 3, 2023, the reporting person was granted 5,259 restricted stock units subject"
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.
pre-established peer group financial
"shareholder return of companies within the Issuer's pre-established peer group at designated"
time-based vesting schedule financial
"granted 5,259 restricted stock units subject to both a performance-based condition and a time-based vesting schedule"
tax withholding obligations financial
"Shares withheld pursuant to terms of the award to cover tax withholding obligations"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
What insider transaction did ONIT executive Joseph J. Samarias report?
Joseph J. Samarias reported exercising restricted stock units into ONITY Group common stock. On April 3, 2026, he converted a total of 7,605 units into shares as part of previously granted equity awards tied to employment and performance conditions.
What restricted stock unit grants underlie Joseph J. Samarias’s ONIT transactions?
The transactions relate to two ONITY Group restricted stock unit grants made on April 3, 2023. One grant was performance-based with a target of 5,259 units; 5,852 vested on April 3, 2026, while another 5,259-unit grant vests in three annual installments.