Rithm Capital (NYSE: RITM) CLO details Class B Profits Units and shareholdings
Rhea-AI Filing Summary
Rithm Capital Corp. disclosed the initial equity holdings of Chief Legal Officer Philip M. Sivin as of July 31, 2026. He holds several Class B Profits Units of Rithm Capital Management LLC, each exchangeable on a one-for-one basis into Common Stock after vesting and profit-allocation conditions are met, with grants and performance-based awards vesting between 2025 and 2029. Sivin also directly owns 6,504 shares of Common Stock and 88 Series A Preferred Shares.
Positive
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Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Sivin Philip M
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Profits Units of Rithm Capital Management LLC F2, F1 | -- | -- | -- |
| holding | Class B Profits Units of Rithm Capital Management LLC F2, F3 | -- | -- | -- |
| holding | Class B Profits Units of Rithm Capital Management LLC F2, F4 | -- | -- | -- |
| holding | Class B Profits Units of Rithm Capital Management LLC F2, F5 | -- | -- | -- |
| holding | Class B Profits Units of Rithm Capital Management LLC F2, F6 | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Series A Preferred Shares | -- | -- | -- |
Holdings After Transaction:
Class B Profits Units of Rithm Capital Management LLC — 101,699 shares (Direct);
Common Stock, par value $0.01 per share — 6,504 shares (Direct);
Series A Preferred Shares — 88 shares (Direct)
Footnotes (6)
- F1. Reflects a profits interest award in the form of Class B Profits Units in RCM granted to the Reporting Person on February 23, 2024, which vest in three equal annual installments on February 23 of each of 2025, 2026 and 2027, so long as the Reporting Person remains in continued employment with the Issuer. These Class B Profits Units will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis after they have become vested and a sufficient amount of profits have been allocated to the holder of the Class B Profits Units.
- F2. Class B Profits Units of Rithm Capital Management LLC ("RCM") will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis pursuant to the terms and conditions set forth in the Rithm Capital Management LLC Long Term Incentive Plan and the individual award agreement.
- F3. Reflects a profits interest award in the form of Class B Profits Units in RCM earned based on annual return on equity for the 2024 and 2025 performance periods. As of January 20, 2026, performance-based criteria have been satisfied for 2 of the 3 tranches, which will vest on February 23, 2027, so long as the Reporting Person remains in continued employment with the Issuer. These Class B Profits Units are exchangeable into shares of Common Stock of the Issuer on a one-for-one basis after they have become vested and a sufficient amount of profits have been allocated to the holder of the Class B Profits Units.
- F4. Reflects a profits interest award in the form of Class B Profits Units in RCM granted to the Reporting Person on February 24, 2025, which vest in three equal annual installments on February 24 of each of 2026, 2027 and 2028, so long as the Reporting Person remains in continued employment with the Issuer. These Class B Profits Units will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis after they have become vested and a sufficient amount of profits have been allocated to the holder of the Class B Profits Units.
- F5. Represents Class B Profits Units in RCM earned based on annual return on equity for the 2025 performance period. As of January 20, 2026, performance-based criteria have been satisfied for 1 of the 3 tranches, which will vest on February 24, 2028, so long as the Reporting Person remains in continued employment with the Issuer. These Class B Profits Units are exchangeable into shares of Common Stock of the Issuer on a one-for-one basis after they have become vested and a sufficient amount of profits have been allocated to the holder of the Class B Profits Units.
- F6. Reflects a profits interest award in the form of Class B Profits Units in RCM granted to the Reporting Person on February 20, 2026, which will vest in three equal annual installments on February 20 of each of 2027, 2028 and 2029, so long as the Reporting Person remains in continued employment with the Issuer. These Class B Profits Units will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis after they have become vested and a sufficient amount of profits have been allocated to the holder of the Class B Profits Units.
Key Figures
Underlying shares (Feb 23 2024 grant): 17203.0000 shares
Underlying shares (2024-2025 ROE award): 24372.0000 shares
Underlying shares (Feb 24 2025 grant): 16584.0000 shares
+4 more
7 metrics
Underlying shares (Feb 23 2024 grant)
17203.0000 shares
Class B Profits Units award exchangeable 1-for-1 into Common Stock after vesting on Feb. 23 of 2025-2027
Underlying shares (2024-2025 ROE award)
24372.0000 shares
Profits Units earned on annual return on equity for 2024-2025; 2 of 3 tranches met criteria as of Jan. 20, 2026
Underlying shares (Feb 24 2025 grant)
16584.0000 shares
Profits Units granted Feb. 24, 2025 vesting in three annual installments on Feb. 24 of 2026-2028
Underlying shares (2025 ROE award)
11240.0000 shares
Profits Units earned on 2025 return on equity; 1 of 3 tranches met criteria as of Jan. 20, 2026
Underlying shares (Feb 20 2026 grant)
32300.0000 shares
Profits Units granted Feb. 20, 2026 vesting in three annual installments on Feb. 20 of 2027-2029
Direct Common Stock held
6504.0000 shares
Direct ownership of Rithm Capital Common Stock as reported in this Form 3
Series A Preferred Shares held
88.0000 shares
Direct ownership of Rithm Capital Series A Preferred Shares
Key Terms
Class B Profits Units, profits interest award, annual return on equity, Long Term Incentive Plan
4 terms
Class B Profits Units financial
"Reflects a profits interest award in the form of Class B Profits Units in RCM"
profits interest award financial
"Reflects a profits interest award in the form of Class B Profits Units in RCM"
annual return on equity financial
"earned based on annual return on equity for the 2024 and 2025 performance periods"
Long Term Incentive Plan financial
"pursuant to the terms and conditions set forth in the Rithm Capital Management LLC Long Term Incentive Plan"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider role does Philip M. Sivin hold at Rithm Capital Corp. (RITM)?
Philip M. Sivin is reported as the Chief Legal Officer of Rithm Capital Corp. He is not listed as a director or 10% owner, and this Form 3 records his initial equity and profits-interest holdings with the company and its management subsidiary.
What Class B Profits Units holdings does Rithm Capital (RITM) report for Philip M. Sivin?
Philip M. Sivin holds multiple Class B Profits Units of Rithm Capital Management LLC, each exchangeable 1-for-1 into Common Stock, including awards linked to 17203.0000 and 24372.0000 underlying shares, subject to vesting and profits-allocation conditions.
How do the February 23, 2024 Class B Profits Units for RITM’s CLO vest?
An award of Class B Profits Units granted on February 23, 2024 vests in three equal annual installments on February 23 of 2025, 2026 and 2027, provided Philip M. Sivin remains employed. Once vested and sufficiently allocated profits, each unit is exchangeable 1-for-1 into Common Stock.
What performance-based criteria affect some Rithm Capital (RITM) Class B Profits Units?
Certain Class B Profits Units are earned based on annual return on equity for the 2024 and 2025 performance periods. As of January 20, 2026, performance criteria have been satisfied for specified tranches that will vest in 2027 and 2028, conditioned on continued employment.