ONITY GROUP (NYSE: ONIT) director receives grant of 3,627 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MORRIS DAWN C reported acquisition or exercise transactions in this Form 4 filing.
ONITY GROUP INC. director Dawn C. Morris received a grant of 3,627 restricted stock units, each representing one share of common stock for no additional cost. The RSUs vest on May 19, 2027, contingent on her continued board service, with shares deliverable six months after her service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MORRIS DAWN C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,627 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,627 shares (Direct, null)
Footnotes (1)
- Consists of restricted stock units representing a contingent right to receive one share of common stock for no additional consideration (RSUs). The RSUs will vest May 19, 2027, subject to certain conditions relating to the reporting person's service as a director of the issuer, and the underlying shares will be settleable on the six-month anniversary of the director's termination of service. Not applicable.
Key Figures
RSUs granted: 3,627 units
Post-transaction RSU holdings: 3,627 units
Vesting date: May 19, 2027
+1 more
4 metrics
RSUs granted
3,627 units
Restricted stock units awarded to director on May 19, 2026
Post-transaction RSU holdings
3,627 units
Total restricted stock units held directly after grant
Vesting date
May 19, 2027
RSUs vest subject to continued service as director
Settlement timing
Six months after termination
Underlying shares settle six months after director’s service ends
Key Terms
Restricted Stock Units, RSUs, contingent right, settleable
4 terms
Restricted Stock Units financial
"Consists of restricted stock units representing a contingent right to receive one share of common stock"
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.
RSUs financial
"for no additional consideration (RSUs). The RSUs will vest May 19, 2027"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"restricted stock units representing a contingent right to receive one share of common stock"
settleable financial
"the underlying shares will be settleable on the six-month anniversary of the director's termination of service"
FAQ
What did ONIT director Dawn C. Morris report in this Form 4?
Dawn C. Morris reported receiving 3,627 restricted stock units in ONITY GROUP INC. This equity award represents the right to receive 3,627 common shares at no cost, subject to future vesting and settlement conditions tied to her board service.
How many ONITY GROUP INC. RSUs were granted to Dawn C. Morris?
She was granted 3,627 restricted stock units. Each RSU corresponds to one share of ONITY GROUP INC. common stock, providing equity-based compensation that aligns her interests with shareholders, subject to vesting and later share settlement terms.
When do the ONIT RSUs granted to Dawn C. Morris vest?
The 3,627 restricted stock units will vest on May 19, 2027. Vesting depends on conditions related to her continued service as a director, meaning she generally must remain on the board through that date for the RSUs to vest.
What is Dawn C. Morris’s ONIT RSU balance after this transaction?
Following this transaction, Dawn C. Morris holds 3,627 restricted stock units directly. These units represent a contingent right to receive 3,627 ONITY GROUP INC. common shares once the vesting date and subsequent settlement conditions are satisfied.