ONITY Group (NYSE: ONIT) CFO exercises RSUs, with 5,071 shares withheld 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 reported routine equity compensation activity. He exercised 12,887 restricted stock units into common stock and, in a separate transaction, had 5,071 shares withheld to cover tax obligations. After these transactions, he directly holds 69,245 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,887 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 | 12,887 | $0.00 | -- |
| Exercise | Common Stock | 12,887 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,071 | $36.63 | $186K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 74,316 shares (Direct, null)
Footnotes (1)
- On June 13, 2022, the reporting person was granted 51,546 restricted stock units scheduled to vest in four approximately equal annual installments on the first, second, third and fourth anniversaries of grant, subject to the reporting person's continued employment and certain other conditions. Shares withheld pursuant to terms of the award to cover tax withholding obligations. Not applicable.
Key Figures
RSUs exercised: 12,887 shares
Shares withheld for taxes: 5,071 shares
Tax withholding price: $36.63 per share
+2 more
5 metrics
RSUs exercised
12,887 shares
Restricted stock units converted to common stock on June 13, 2026
Shares withheld for taxes
5,071 shares
Tax withholding disposition coded F at $36.63 per share
Tax withholding price
$36.63 per share
Price used for tax-withholding share disposition
Shares owned after transaction
69,245 shares
Direct ONITY Group common stock holdings following Form 4 transactions
Original RSU grant
51,546 units
RSUs granted June 13, 2022, vesting over four annual installments
Key Terms
Restricted Stock Units, tax withholding obligations, derivative security, non-derivative, +1 more
5 terms
Restricted Stock Units financial
"the reporting person was granted 51,546 restricted stock units scheduled to vest in four approximately equal annual installments"
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
"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.
non-derivative financial
"transaction_type": "non-derivative""
derivative financial
"transaction_type": "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What did ONIT CFO Sean Bradley O'Neil report in this Form 4 transaction?
Sean Bradley O'Neil reported routine equity compensation activity. He exercised 12,887 restricted stock units into common stock and had 5,071 shares withheld to satisfy tax obligations, resulting in a direct holding of 69,245 ONIT common shares.
Was the ONIT Form 4 transaction an open-market buy or sell by the CFO?
The Form 4 does not show any open-market buying or selling. It reports an RSU vesting and option-equivalent exercise plus shares withheld for taxes, which are compensation-related and not discretionary market trades by the CFO.
What equity award was behind the ONIT CFO’s RSU exercise on this Form 4?
The RSU exercise relates to a grant of 51,546 restricted stock units awarded on June 13, 2022. These units were scheduled to vest in four approximately equal annual installments, subject to continued employment and specified conditions, and this filing reflects one such vesting event.