Onity Group CAO cash-settles 1,844 RSUs
Rhea-AI Filing Summary
ONITY GROUP INC. (ONIT) reported that Chief Accounting Officer Aulene Wessel settled a tranche of previously granted cash-settled restricted stock units. On August 23, 2026, 1,844 RSUs vested and were settled in cash based on ONIT’s $36.03 closing price on August 21, 2026, with corresponding book entries showing exercise of derivative RSUs, temporary acquisition of 1,844 common shares, and disposition of those shares back to the issuer. The original February 23, 2026 grant covered 6,147 RSUs, with additional tranches of 1,844 RSUs scheduled to vest on August 23, 2027 and 2,459 RSUs on February 23, 2028, subject to continued employment and other conditions. After this cash settlement, Wessel has 4,303 RSUs remaining from this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,844 shares exercised/converted
Exercise
3 txns
Insider
Wessel Aulene
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 1,844 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,844 | -- | -- |
| Disposition | Common Stock F1 | 1,844 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,303 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. On February 23, 2026, the reporting person was granted 6,147 restricted stock units, of which 1,844 were scheduled to vest on August 23, 2026, 1,844 are scheduled to vest on August 23, 2027, and 2,459 are scheduled to vest on February 23, 2028, in each case subject to the reporting person's continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of ONIT common stock on the applicable vesting date. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 1,844 restricted stock units that vested pursuant to the award on August 23, 2026. On August 21, 2026, the last trading day prior to the vesting date, the closing price of ONIT common stock was $36.03.
- F2. Not applicable.
Key Figures
Restricted stock units granted: 6,147 units
First vesting tranche: 1,844 units
Second vesting tranche: 1,844 units
+4 more
7 metrics
Restricted stock units granted
6,147 units
Granted to Aulene Wessel on February 23, 2026
First vesting tranche
1,844 units
RSUs vested and settled in cash on August 23, 2026
Second vesting tranche
1,844 units
RSUs scheduled to vest on August 23, 2027, subject to conditions
Third vesting tranche
2,459 units
RSUs scheduled to vest on February 23, 2028, subject to conditions
RSUs remaining after transaction
4,303 units
Restricted stock units held following the August 23, 2026 cash settlement
ONIT closing price
$36.03 per share
Closing price on August 21, 2026, used for cash settlement
RSUs settled
1,844 units
RSUs converted and settled in cash on August 23, 2026
Key Terms
Restricted Stock Units, vest, contingent right, Disposition to issuer, +1 more
5 terms
Restricted Stock Units financial
"the reporting person was granted 6,147 restricted stock units, of which 1,844"
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.
vest financial
"1,844 were scheduled to vest on August 23, 2026, 1,844 are scheduled"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive a cash"
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did ONIT’s Chief Accounting Officer report in this Form 4?
The Form 4 reports that Aulene Wessel, Chief Accounting Officer of ONITY GROUP INC. (ONIT), had 1,844 restricted stock units vest on August 23, 2026, which were settled in cash based on ONIT’s closing stock price on August 21, 2026.
How many restricted stock units are involved in the ONIT (ONIT) award?
On February 23, 2026, Wessel was granted 6,147 restricted stock units. These are scheduled to vest in three tranches: 1,844 on August 23, 2026, 1,844 on August 23, 2027, and 2,459 on February 23, 2028, subject to continued employment and other conditions.
What was the cash settlement value reference price for the ONIT RSUs?
Each restricted stock unit pays cash equal to the closing price of one ONIT share on the vesting date. For the August 23, 2026 vesting, the filing cites the $36.03 closing price of ONIT common stock on August 21, 2026, the last trading day before vesting.
Did the ONIT (ONIT) Form 4 reflect an open-market stock purchase or sale?
No. The filing describes an exercise/conversion of restricted stock units that are settled in cash. The internal acquisition and disposition entries in common stock reflect the settlement mechanics, not an open-market purchase or sale of ONIT shares.
How many restricted stock units remain for the ONIT executive after this vesting?
After the August 23, 2026 cash settlement of 1,844 RSUs, the Form 4 shows 4,303 restricted stock units remaining from the award, scheduled to vest in 2027 and 2028, subject to continued employment and other conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
