Onity Group CFO exercises RSUs, nets new shares
ONITY GROUP INC. executive vice president and chief financial officer Sean Bradley O'Neil exercised restricted stock units into common shares and had shares withheld for taxes.
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Rhea-AI Filing Summary
ONITY GROUP INC. executive vice president and chief financial officer Sean Bradley O'Neil exercised restricted stock units into common shares and had shares withheld for taxes. He converted 4,146 restricted stock units into 4,146 shares of common stock. To satisfy tax withholding obligations, 1,631 common shares were withheld at a price of $37.54 per share under the award terms. After these transactions, he directly owned 51,433 shares of common stock. The restricted stock units were part of a 12,437-unit grant made on March 29, 2024, scheduled to vest in three equal annual installments, with each unit delivering one share of common stock upon vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,146 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,146 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,631 | $37.54 | $61K |
Footnotes (3)
- F1. On March 29, 2024, the reporting person was granted 12,437 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive one share of common stock on the vesting date.
- F2. Shares withheld pursuant to terms of the award to cover tax withholding obligations.
- F3. Not applicable.
Key Figures
Key Terms
Restricted Stock Units financial
tax withholding obligations financial
Exercise or conversion of derivative security financial
Restricted stock unit financial
tax-withholding disposition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ONIT CFO Sean Bradley O'Neil report on this Form 4?
What restricted stock unit grant underlies the ONIT Form 4 for Sean Bradley O'Neil?
Was the ONIT CFO’s Form 4 transaction an open-market buy or sell?
AI-generated analysis. How Rhea-AI works. Not financial advice.