ONITY Group (ONIT) director receives 3,627 restricted stock units as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Welborn Robert S. reported acquisition or exercise transactions in this Form 4 filing.
ONITY GROUP INC. director Robert S. Welborn received a grant of 3,627 restricted stock units, each representing a right to one share of common stock at no cost. These RSUs will vest on May 19, 2027, if he continues to meet service conditions as a director.
After vesting, the underlying shares will become deliverable on the six-month anniversary of his termination of service as a director. Following this grant, Welborn’s reported derivative holdings from this award total 3,627 restricted stock units directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Welborn Robert S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,627 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,627 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, and the underlying shares will be settleable on the six-month anniversary of the director's termination of service. Not applicable.
Key Figures
RSUs granted: 3,627 units
Shares underlying RSUs: 3,627 shares
Holdings after grant: 3,627 RSUs
+1 more
4 metrics
RSUs granted
3,627 units
Restricted stock units awarded to director on May 19, 2026
Shares underlying RSUs
3,627 shares
Common stock deliverable for RSUs, one share per unit
Holdings after grant
3,627 RSUs
Total derivative holdings from this award following transaction
Vesting date
May 19, 2027
RSUs vest subject to director service conditions
Key Terms
Restricted Stock Units, contingent right, vest, settleable
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.
contingent right financial
"representing a contingent right to receive one share of common stock for no additional consideration"
vest financial
"The RSUs will vest May 19, 2027, subject to certain conditions relating to the reporting person's service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settleable financial
"the underlying shares will be settleable on the six-month anniversary of the director's termination of service"
FAQ
What insider transaction did ONIT director Robert S. Welborn report?
Robert S. Welborn reported receiving a grant of 3,627 restricted stock units. Each unit represents a right to one share of ONITY GROUP INC. common stock for no additional consideration, awarded as director compensation in the form of equity rather than cash.
How many ONIT restricted stock units were granted to Robert S. Welborn?
He was granted 3,627 restricted stock units. These units are contingent rights to receive an equal number of ONITY GROUP INC. common shares, subject to vesting conditions tied to his continued service on the company’s board of directors until the specified vesting date.
When do Robert S. Welborn’s ONIT restricted stock units vest?
The restricted stock units vest on May 19, 2027. Vesting is subject to certain conditions related to Welborn’s continued service as a director of ONITY GROUP INC., meaning he must remain in that role through the vesting date for the award to fully vest.
Is this ONIT Form 4 transaction an open-market buy or sale?
No, this Form 4 reports an equity award, not an open-market trade. The transaction code is “A,” indicating a grant or award acquisition of restricted stock units provided as compensation, with no purchase price paid and no shares sold in the market.