ONITY Group (NYSE: ONIT) EVP exercises RSUs and withholds 3,869 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONITY GROUP INC. executive Wade Aaron D, EVP & Chief Investment Officer, exercised restricted stock units into common shares on April 3, 2026. He acquired 7,605 shares of common stock through RSU vesting and exercises, and 3,869 shares were withheld at $39.67 per share to cover tax obligations. Following these compensation-related transactions, he directly holds 19,874 shares of ONIT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,605 shares exercised/converted
Mixed
6 txns
Insider
Wade Aaron D
Role
EVP & Chief Inv. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,852 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,753 | $0.00 | -- |
| Exercise | Common Stock | 5,852 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,977 | $39.67 | $118K |
| Exercise | Common Stock | 1,753 | $0.00 | -- |
| Tax Withholding | Common Stock | 892 | $39.67 | $35K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 21,990 shares (Direct)
Footnotes (1)
- On April 3, 2023, the reporting person was granted 5,259 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. 5,852 restricted stock units vested pursuant to the award on April 3, 2026. Shares withheld pursuant to terms of the award to cover tax withholding obligations. On April 3, 2023, the reporting person was granted 5,259 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
RSU-derived shares acquired: 7,605 shares
Shares withheld for taxes: 3,869 shares
Withholding price: $39.67 per share
+4 more
7 metrics
RSU-derived shares acquired
7,605 shares
Common stock from RSU vesting and exercises on April 3, 2026
Shares withheld for taxes
3,869 shares
Common stock withheld at $39.67 per share to cover tax obligations
Withholding price
$39.67 per share
Value used for tax-withholding share dispositions
Post-transaction holdings
19,874 shares
Direct ONIT common stock held after all reported transactions
Performance RSU target grant
5,259 units
Performance-based RSUs granted April 3, 2023 with vesting on April 3, 2026
Performance RSUs vested
5,852 units
Units that vested on April 3, 2026 based on TSR performance
Time-based RSU grant
5,259 units
Time-based RSUs granted April 3, 2023, vesting in three annual installments
Key Terms
Restricted Stock Units, absolute total shareholder return, peer group, tax withholding obligations, +1 more
5 terms
Restricted Stock Units financial
"the reporting person was granted 5,259 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"
FAQ
What insider transaction did ONIT EVP Wade Aaron D report on this Form 4?
EVP & Chief Investment Officer Wade Aaron D reported RSU-related transactions on April 3, 2026. He exercised restricted stock units into 7,605 ONIT common shares, with a portion of the resulting stock withheld to satisfy tax obligations tied to the vesting.
What performance conditions affected Wade Aaron D’s ONIT RSU vesting?
One RSU award vested based on ONIT’s absolute total shareholder return compared to a pre-established peer group. Between 0% and 200% of 5,259 target units could vest on April 3, 2026, and 5,852 restricted stock units ultimately vested under this performance-based structure.
How were Wade Aaron D’s ONIT RSUs structured before vesting?
He held two ONIT RSU grants from April 3, 2023. One was performance-based with a vesting outcome on April 3, 2026, and another was time-based, scheduled to vest in three approximately equal annual installments, subject to continued employment and other specified conditions.