Onity Group (ONIT) CFO exercises RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,146 shares exercised/converted
Mixed
3 txns
Insider
O'Neil Sean Bradley
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,146 | $0.00 | -- |
| Exercise | Common Stock | 4,146 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,631 | $37.54 | $61K |
Holdings After Transaction:
Restricted Stock Units — 4,146 shares (Direct);
Common Stock — 53,064 shares (Direct)
Footnotes (1)
- 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. Shares withheld pursuant to terms of the award to cover tax withholding obligations. Not applicable.
Key Figures
RSUs exercised: 4,146 units/shares
Shares withheld for taxes: 1,631 shares
Tax withholding price: $37.54 per share
+2 more
5 metrics
RSUs exercised
4,146 units/shares
Restricted stock units converted to common stock on March 29, 2026
Shares withheld for taxes
1,631 shares
Common stock withheld at $37.54 per share for tax obligations
Tax withholding price
$37.54 per share
Price used for 1,631 common shares withheld to cover taxes
Post-transaction holdings
51,433 shares
Common stock directly owned by O'Neil after transactions
Original RSU grant
12,437 units
Restricted stock units granted March 29, 2024, vesting over three years
Key Terms
Restricted Stock Units, tax withholding obligations, Exercise or conversion of derivative security, Restricted stock unit, +1 more
5 terms
Restricted Stock Units financial
"On March 29, 2024, the reporting person was granted 12,437 restricted stock units scheduled to vest..."
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.
tax withholding obligations financial
"Shares withheld pursuant to terms of the award to cover tax withholding obligations."
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of common stock..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transactions did ONIT CFO Sean Bradley O'Neil report on this Form 4?
He exercised restricted stock units and had shares withheld for taxes. O'Neil converted 4,146 restricted stock units into 4,146 common shares and 1,631 of those shares were withheld at $37.54 per share to cover tax obligations tied to the award.
What restricted stock unit grant underlies the ONIT Form 4 for Sean Bradley O'Neil?
The Form 4 relates to a grant of 12,437 restricted stock units. Granted on March 29, 2024, these units vest in three equal annual installments, subject to continued employment and certain conditions, with each unit delivering one share of ONITY GROUP INC. common stock at vesting.
Was the ONIT CFO’s Form 4 transaction an open-market buy or sell?
The reported activity was not an open-market trade. It reflects an exercise or conversion of restricted stock units into common stock, plus a tax-withholding disposition where 1,631 shares were withheld at $37.54 per share to cover tax obligations, rather than sold in the market.