STOCK TITAN

ONITY Group (ONIT) EVP exercises 2,057 RSUs and settles taxes in shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ONITY GROUP INC. executive Wade Aaron D, EVP & Chief Investment Officer, exercised previously granted equity awards and settled related taxes in shares. He converted 2,057 restricted stock units into 2,057 shares of common stock at an exercise price of $0.00 per share. To cover tax withholding obligations, 1,047 common shares were withheld at $37.54 per share, a non-market disposition. Following these transactions, he directly owns 16,138 shares of common stock. The RSUs relate to a 6,171-unit grant awarded on March 29, 2024, scheduled to vest in three equal annual installments, each unit representing a contingent right to receive one share upon vesting.

Positive

  • None.

Negative

  • None.
Insider Wade Aaron D
Role EVP & Chief Inv. Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 2,057 $0.00 --
Exercise Common Stock 2,057 $0.00 --
Tax Withholding Common Stock 1,047 $37.54 $39K
Holdings After Transaction: Restricted Stock Units — 2,057 shares (Direct); Common Stock — 17,185 shares (Direct)
Footnotes (1)
  1. On March 29, 2024, the reporting person was granted 6,171 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.
RSUs Exercised 2,057 units Restricted stock units converted to common stock on March 29, 2026
Tax Withholding Shares 1,047 shares Common stock withheld to cover tax obligations at $37.54 per share
Tax Withholding Price $37.54 per share Price applied to 1,047 common shares withheld for taxes
Post-transaction Holdings 16,138 shares ONIT common stock directly owned after reported transactions
Original RSU Grant 6,171 units RSUs granted March 29, 2024, vesting in three equal annual installments
Exercise Price $0.00 per unit Conversion price for 2,057 restricted stock units into common stock
Restricted Stock Units financial
"the reporting person was granted 6,171 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.
contingent right to receive one share of common stock financial
"Each restricted stock unit represents a contingent right to receive one share"
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
tax withholding obligations financial
"Shares withheld pursuant to terms of the award to cover tax withholding obligations"
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities"
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wade Aaron D

(Last)(First)(Middle)
1661 WORTHINGTON ROAD, SUITE 100

(Street)
WEST PALM BEACH FLORIDA 33409

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ONITY GROUP INC. [ ONIT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & Chief Inv. Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/29/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/29/2026M2,057A(1)17,185D
Common Stock03/29/2026F1,047D(2)$37.5416,138D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)03/29/2026M2,057 (1) (3)Common Stock2,057$02,057D
Explanation of Responses:
1. On March 29, 2024, the reporting person was granted 6,171 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.
2. Shares withheld pursuant to terms of the award to cover tax withholding obligations.
3. Not applicable.
/s/ Leah E. Hutton, Attorney-in-Fact for Aaron D. Wade03/31/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ONIT executive Wade Aaron D report on this Form 4?

He exercised 2,057 restricted stock units into an equal number of ONIT common shares at $0.00 per share. This reflects the vesting of part of a prior equity grant rather than an open-market stock purchase.

How many ONIT shares were withheld for taxes in Wade Aaron D’s transaction?

The filing shows 1,047 ONIT common shares were withheld to cover tax obligations at a price of $37.54 per share. This is a tax-withholding disposition under code F, not a discretionary open-market sale.

What are Wade Aaron D’s ONIT common stock holdings after these transactions?

After the reported transactions, he directly owns 16,138 shares of ONIT common stock. This reflects the net position following the RSU conversion into shares and the share withholding to satisfy associated tax liabilities.

What was the original ONIT restricted stock unit grant underlying this Form 4?

On March 29, 2024, he received a grant of 6,171 restricted stock units. These RSUs are scheduled to vest in three equal annual installments, with each unit representing a contingent right to receive one ONIT common share upon vesting.

Did Wade Aaron D buy or sell ONIT shares on the open market in this filing?

The Form 4 shows no open-market purchases or sales. It reports an RSU conversion into 2,057 common shares and a tax-withholding share disposition of 1,047 shares, both related to equity compensation, not market trading.