STOCK TITAN

ONITY Group (NYSE: ONIT) EVP exercises RSUs and withholds 3,869 shares for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
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
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.
absolute total shareholder return financial
"based on the relative ranking of the Issuer's absolute total shareholder return compared to"
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"
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wade Aaron D

(Last)(First)(Middle)
1661 WORTHINGTON ROAD, SUITE 100

(Street)
WEST PALM BEACH FLORIDA 33409

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ONITY GROUP INC. [ ONIT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & Chief Inv. Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/03/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/03/2026M5,852A(1)21,990D
Common Stock04/03/2026F2,977D(2)$39.6719,013D
Common Stock04/03/2026M1,753A(3)20,766D
Common Stock04/03/2026F892D(2)$39.6719,874D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(4)04/03/2026M5,852 (1) (5)Common Stock5,852$00D
Restricted Stock Units(4)04/03/2026M1,753 (3) (5)Common Stock1,753$00D
Explanation of Responses:
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.
2. Shares withheld pursuant to terms of the award to cover tax withholding obligations.
3. 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.
4. Each restricted stock unit represents a contingent right to receive one share of ONIT common stock on the vesting date.
5. Not applicable.
/s/ Leah E. Hutton, Attorney-in-Fact for Aaron D. Wade04/07/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

How many ONIT shares did Wade Aaron D receive from RSU vesting and exercises?

He received 7,605 ONIT common shares from RSU vesting and derivative exercises. These shares arose from performance-based and time-based restricted stock unit awards granted in April 2023, each RSU representing the right to receive one ONIT common share upon vesting.

How many ONIT shares were withheld for taxes in Wade Aaron D’s Form 4?

A total of 3,869 ONIT common shares were withheld to cover tax obligations. The shares were valued at $39.67 per share, consistent with typical RSU award terms allowing stock withholding instead of paying cash for associated tax liabilities.

What are Wade Aaron D’s ONIT share holdings after these Form 4 transactions?

After the reported transactions, Wade Aaron D directly holds 19,874 ONIT common shares. This figure reflects his position following both the RSU-related share acquisitions and the share withholdings used to satisfy tax obligations on the vesting awards.

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.