Onity Group Inc. (ONIT) awards 1,010 restricted stock units to director
Rhea-AI Filing Summary
Onity Group Inc. reported an equity award to one of its directors. Dawn C. Morris received 1,010 restricted stock units (RSUs), each representing the right to receive one share of ONIT common stock for no additional payment. The RSUs are scheduled to vest on May 21, 2026, if service conditions related to her role as a director are met. The underlying shares will be delivered six months after her service as a director ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,010 | $0.00 | -- |
Footnotes (1)
- Consists of restricted stock units representing a contingent right to receive one share of ONIT common stock for no additional consideration (RSUs). The RSUs will vest May 21, 2026, subject to certain conditions relating to the reporting person's service as a director of the issuer, and the underlying shares will be delivered sixth months following termination of the reporting person's service as a director. Not applicable.
FAQ
What equity award did Onity Group Inc. (ONIT) grant to director Dawn C. Morris?
Dawn C. Morris received 1,010 restricted stock units (RSUs), each representing a contingent right to receive one share of ONIT common stock for no additional consideration.
When do the 1,010 RSUs granted by Onity Group Inc. to Dawn C. Morris vest?
The 1,010 RSUs will vest on May 21, 2026, subject to certain conditions related to her continued service as a director.
What are the settlement terms for Dawn C. Morris’s RSUs from Onity Group Inc. (ONIT)?
Once vested, the RSUs convert into shares of ONIT common stock, and the underlying shares will be delivered six months after her service as a director ends.
What role does Dawn C. Morris have at Onity Group Inc.?
According to the report, Dawn C. Morris is a director of Onity Group Inc.
How many derivative securities does Dawn C. Morris beneficially own after this RSU grant?
Following the reported transaction, Dawn C. Morris beneficially owns 1,010 derivative securities in the form of restricted stock units, held directly.