Onity Group (ONIT) EVP vests 1,531 RSUs, 665 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONITY GROUP INC. executive James Andrew Peach, EVP & Chief Lending Officer, exercised 1,531 restricted stock units into common shares. These RSUs are part of a 4,592-unit grant awarded on March 29, 2024 that vests in three equal annual installments, subject to continued employment and other conditions.
Following the vesting, 665 common shares were withheld at $37.54 per share to satisfy tax withholding obligations, which is not an open-market sale. After these transactions, Peach directly holds 1,729 shares of common stock, reflecting a routine compensation-related equity vesting and associated tax settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,531 shares exercised/converted
Mixed
3 txns
Insider
Peach James Andrew
Role
EVP & Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,531 | $0.00 | -- |
| Exercise | Common Stock | 1,531 | $0.00 | -- |
| Tax Withholding | Common Stock | 665 | $37.54 | $25K |
Holdings After Transaction:
Restricted Stock Units — 1,531 shares (Direct);
Common Stock — 2,394 shares (Direct)
Footnotes (1)
- On March 29, 2024, the reporting person was granted 4,592 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 vested: 1,531 units
Grant size: 4,592 units
Shares withheld for tax: 665 shares
+2 more
5 metrics
RSUs vested
1,531 units
Restricted stock units converted to common stock on March 29, 2026
Grant size
4,592 units
RSUs granted on March 29, 2024, vesting over three years
Shares withheld for tax
665 shares
Withheld to cover tax obligations at $37.54 per share
Tax withholding price
$37.54 per share
Value applied to 665 shares withheld for taxes
Shares owned after transaction
1,729 shares
Direct ONITY GROUP INC. common stock holdings after Form 4 transactions
Key Terms
Restricted Stock Units, vest in three equal annual installments, contingent right to receive one share of common stock, tax withholding obligations, +1 more
5 terms
Restricted Stock Units financial
"the reporting person was granted 4,592 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.
vest in three equal annual installments financial
"scheduled to vest in three equal annual installments on the first, second, and third anniversaries"
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"
FAQ
What insider transaction did ONIT executive James Andrew Peach report?
James Andrew Peach reported vesting 1,531 restricted stock units into common stock. These units come from a 4,592-unit grant made on March 29, 2024, which vests in three equal annual installments subject to continued employment and other conditions.
How many ONIT restricted stock units vested for James Andrew Peach?
1,531 restricted stock units vested and converted into ONITY GROUP INC. common stock. These units represent the first of three equal installments from a 4,592-unit grant awarded on March 29, 2024, tied to continued employment and related vesting conditions.
What are the terms of James Andrew Peach’s ONIT restricted stock unit grant?
He received 4,592 restricted stock units on March 29, 2024, vesting in three equal annual installments. Vesting depends on continued employment and certain other conditions, with each unit delivering one share of ONITY GROUP INC. common stock upon vesting.