ONITY Group (ONIT) EVP exercises 2,057 RSUs and settles taxes in shares
Filing Impact
Filing Sentiment
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 Trade Summary
2,057 shares exercised/converted
Mixed
3 txns
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)
- 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.
Key Figures
RSUs Exercised: 2,057 units
Tax Withholding Shares: 1,047 shares
Tax Withholding Price: $37.54 per share
+3 more
6 metrics
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
Key Terms
Restricted Stock Units, contingent right to receive one share of common stock, Exercise or conversion of derivative security, tax withholding obligations, +1 more
5 terms
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.
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"
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.
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.