Onity Group officer gains shares from RSU vesting
Rhea-AI Filing Summary
ONITY GROUP INC. Chief Risk & Compliance officer Jenna D. Evans reported routine equity compensation activity linked to restricted stock units. On April 3, 2026, 3,414 performance-based RSUs granted in 2023 vested and were converted into the same number of common shares.
An additional 1,023 time-based RSUs from a separate 2023 grant also vested and became common shares. To cover tax withholding obligations on these vestings, 1,930 common shares were withheld at a price of $39.67 per share rather than being sold on the open market. After these transactions, Evans directly holds 6,846 shares of ONIT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,437 shares exercised/converted
Exercise
6 txns
Insider
Evans Jenna D.
Role
Chief Risk & Compliance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,414 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,023 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,414 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,485 | $39.67 | $59K |
| Exercise | Common Stock | 1,023 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 445 | $39.67 | $18K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 6,846 shares (Direct)
Footnotes (5)
- F1. On April 3, 2023, the reporting person was granted 3,068 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. 3,414 restricted stock units vested pursuant to the award on April 3, 2026.
- F2. Shares withheld pursuant to terms of the award to cover tax withholding obligations.
- F3. On April 3, 2023, the reporting person was granted 3,068 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.
- F4. Each restricted stock unit represents a contingent right to receive one share of ONIT common stock on the vesting date.
- F5. Not applicable.
Key Figures
Performance RSUs vested: 3,414 units
Time-based RSUs vested: 1,023 units
RSU exercises: 4,437 units
+5 more
8 metrics
Performance RSUs vested
3,414 units
Performance-based RSUs vested on April 3, 2026
Time-based RSUs vested
1,023 units
Time-based RSUs from April 3, 2023 grant
RSU exercises
4,437 units
Total RSUs converted to common stock in this filing
Shares withheld for taxes
1,930 shares
Common shares withheld to cover tax obligations
Withholding reference price
<money>$39.67</money> per share
Price used for tax-withholding share disposition
Shares held after transactions
6,846 shares
Direct ONIT common stock ownership after Form 4 events
Performance RSU target
3,068 units
Target number for 2023 performance-based RSU grant
Time-based RSU grant size
3,068 units
2023 RSU grant vesting in three annual installments
Key Terms
Restricted Stock Units, absolute total shareholder return, peer group, tax withholding obligations, +2 more
6 terms
Restricted Stock Units financial
"On April 3, 2023, the reporting person was granted 3,068 restricted stock units subject to both a performance-based condition"
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.
peer group financial
"compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement periods"
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 of ONIT common stock on the vesting date."
performance-based condition financial
"was granted 3,068 restricted stock units subject to both a performance-based condition and a time-based vesting schedule."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ONIT executive Jenna D. Evans report in this Form 4 filing?
Jenna D. Evans reported RSU vesting and related share deliveries, not open-market trades. Performance-based and time-based restricted stock units granted in 2023 vested into ONIT common shares, with a portion of those shares withheld to satisfy tax obligations under the award terms.
How many restricted stock units vested for Jenna D. Evans at ONIT?
A total of 3,414 performance-based RSUs vested on April 3, 2026, plus 1,023 time-based RSUs from a separate 2023 grant. Each RSU represents a contingent right to receive one share of ONIT common stock when vesting conditions and service requirements are satisfied.
What performance condition applied to Jenna D. Evans’ ONIT RSU award?
The April 3, 2023 RSU grant had a target of 3,068 units and vested based on ONIT’s absolute total shareholder return ranking versus a pre-established peer group. Between 0% and 200% of the target could vest on April 3, 2026, resulting in 3,414 RSUs ultimately vesting.
What is the structure of Jenna D. Evans’ time-based ONIT RSU grant?
A separate April 3, 2023 RSU grant of 3,068 units is scheduled to vest in three approximately equal annual installments on each anniversary of the grant. Vesting requires continued employment and satisfaction of specified conditions under the award’s terms and company policies.
AI-generated analysis. How Rhea-AI works. Not financial advice.
