Onity Group (ONIT) CEO nets new shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONITY GROUP INC. President and CEO Glen A. Messina reported the vesting and settlement of restricted stock units into common stock. On April 3, 2026, 78,043 performance-based restricted stock units and 23,376 time-based restricted stock units were converted into common shares.
To satisfy tax obligations tied to these awards, 30,710 shares and 9,198 shares of common stock were withheld at a price of $39.67 per share. After these transactions, Messina directly owns 456,313 shares of ONIT common stock, which includes 23,554 shares held jointly with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
101,419 shares exercised/converted
Mixed
6 txns
Insider
Messina Glen A.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 78,043 | $0.00 | -- |
| Exercise | Restricted Stock Units | 23,376 | $0.00 | -- |
| Exercise | Common Stock | 78,043 | $0.00 | -- |
| Tax Withholding | Common Stock | 30,710 | $39.67 | $1.22M |
| Exercise | Common Stock | 23,376 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,198 | $39.67 | $365K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 472,845 shares (Direct)
Footnotes (1)
- On April 3, 2023, the reporting person was granted 70,126 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. 78,043 restricted stock units vested pursuant to the award on April 3, 2026. Includes 23,554 shares held jointly with spouse. Shares withheld pursuant to terms of the award to cover tax withholding obligations. On April 3, 2023, the reporting person was granted 70,126 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
Performance RSUs vested: 78,043 units
Time-based RSUs converted: 23,376 units
Shares withheld for taxes (lot 1): 30,710 shares
+5 more
8 metrics
Performance RSUs vested
78,043 units
Performance-based restricted stock units vested on April 3, 2026
Time-based RSUs converted
23,376 units
Installment from 70,126-unit time-based grant
Shares withheld for taxes (lot 1)
30,710 shares
Common stock withheld at $39.67 to cover tax obligations
Shares withheld for taxes (lot 2)
9,198 shares
Additional common stock withheld at $39.67 for taxes
Post-transaction holdings
456,313 shares
Common stock directly owned after Form 4 transactions
Jointly held with spouse
23,554 shares
Portion of post-transaction holdings held jointly with spouse
Tax withholding price
$39.67 per share
Value used for shares withheld to satisfy tax obligations
Target performance RSUs granted
70,126 units
Performance award granted April 3, 2023 with 0–200% payout range
Key Terms
Restricted Stock Units, absolute total shareholder return, performance-based condition, peer group, +2 more
6 terms
Restricted Stock Units financial
"On April 3, 2023, the reporting person was granted 70,126 restricted stock units subject to both a performance-based condition and a time-based vesting schedule."
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.
performance-based condition financial
"the reporting person was granted 70,126 restricted stock units subject to both a performance-based condition and a time-based vesting schedule."
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."
FAQ
What did ONIT CEO Glen A. Messina report in this Form 4?
Glen A. Messina reported vesting of restricted stock units into ONITY GROUP INC. common stock. The Form 4 shows RSUs converting to shares and related share withholdings used to cover tax obligations associated with those equity awards.
How many performance-based RSUs vested for ONIT CEO Messina?
A total of 78,043 performance-based restricted stock units vested for Glen A. Messina. These units were granted in 2023 with vesting tied to absolute total shareholder return versus a peer group, and vested on April 3, 2026 based on that performance condition.
What time-based RSU award vested for ONIT CEO Glen Messina?
Messina also had 23,376 restricted stock units from a time-based award convert into common stock. This award was part of a 70,126-unit grant scheduled to vest in three approximately equal annual installments, subject to continued employment and other conditions.
How were ONIT performance-based RSUs structured for Glen Messina?
The performance-based RSUs granted on April 3, 2023 had a target 70,126 units, with 0% to 200% of target eligible to vest. Vesting depended on ONIT’s absolute total shareholder return ranking against a pre-established peer group at designated measurement periods.