Onity Group (NYSE: ONIT) EVP nets shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Onity Group Inc. executive Scott William Anderson exercised previously granted restricted stock units into common shares. On March 29, 2026, 3,827 restricted stock units converted into 3,827 shares of common stock at a conversion price of $0.00 per share.
To cover tax withholding obligations tied to this vesting, 1,506 common shares were withheld at $37.54 per share. After these compensation-related transactions, Anderson directly holds 43,265 shares of Onity Group Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,827 shares exercised/converted
Mixed
3 txns
Insider
Anderson Scott William
Role
EVP & Chief Servicing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,827 | $0.00 | -- |
| Exercise | Common Stock | 3,827 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,506 | $37.54 | $57K |
Holdings After Transaction:
Restricted Stock Units — 3,827 shares (Direct);
Common Stock — 44,771 shares (Direct)
Footnotes (1)
- On March 29, 2024, the reporting person was granted 11,481 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 converted: 3,827 units/shares
Shares withheld for taxes: 1,506 shares at $37.54
Post-transaction holdings: 43,265 shares
+1 more
4 metrics
RSUs converted
3,827 units/shares
Restricted stock units converting to common stock on March 29, 2026 at $0.00
Shares withheld for taxes
1,506 shares at $37.54
Common shares withheld to cover tax obligations under award terms
Post-transaction holdings
43,265 shares
Direct common stock ownership after reported Form 4 transactions
Original RSU grant
11,481 units
RSUs granted March 29, 2024, vesting in three equal annual installments
Key Terms
Restricted Stock Units, tax withholding obligations, derivative security
3 terms
Restricted Stock Units financial
"the reporting person was granted 11,481 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."
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did ONIT executive Scott William Anderson report?
Scott William Anderson reported exercising 3,827 restricted stock units into common stock. The units converted at $0.00 per share, reflecting the vesting of prior equity awards rather than an open-market purchase, and increased his direct common stock holdings before tax withholding.
What restricted stock unit grant underlies Scott William Anderson’s ONIT Form 4 filing?
The filing notes an earlier grant of 11,481 restricted stock units on March 29, 2024. These units are 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.