Onity Group (NYSE: ONIT) EVP exercises 3,827 RSUs, 1,506 withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Onity Group EVP & Chief Administrative Officer Dennis Zeleny exercised restricted stock units into common shares as part of equity compensation. On March 29, 2026, 3,827 restricted stock units converted into 3,827 shares of common stock at a stated price of $0.00 per share.
To cover tax withholding obligations, 1,506 common shares were withheld at $37.54 per share, leaving Zeleny with 29,007 common shares held directly after the transactions. These units stem from an 11,481-unit grant made on March 29, 2024, scheduled to vest in three equal annual installments, each unit delivering one share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,827 shares exercised/converted
Mixed
3 txns
Insider
ZELENY DENNIS
Role
EVP & Chief Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,827 | $0.00 | -- |
| Exercise | Common Stock | 3,827 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,506 | $37.54 | $57K |
Holdings After Transaction:
Restricted Stock Units — 3,827 shares (Direct);
Common Stock — 30,513 shares (Direct)
Footnotes (1)
- On March 29, 2024, the reporting person was granted 11,481 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: 3,827 units/shares
Tax withholding shares: 1,506 shares
Share price for withholding: $37.54 per share
+2 more
5 metrics
RSUs exercised
3,827 units/shares
Restricted stock units converted into common stock on March 29, 2026
Tax withholding shares
1,506 shares
Common shares withheld to cover tax obligations at $37.54 per share
Share price for withholding
$37.54 per share
Value applied to 1,506 withheld shares for tax withholding
Shares held after transaction
29,007 shares
Direct common stock holdings after RSU conversion and tax withholding
Original RSU grant
11,481 restricted stock units
Grant dated March 29, 2024, vesting in three equal annual installments
Key Terms
Restricted Stock Units, tax withholding obligations, vest in three equal annual installments, Exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"the reporting person was granted 11,481 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.
tax withholding obligations financial
"Shares withheld pursuant to terms of the award to cover tax withholding obligations"
vest in three equal annual installments financial
"scheduled to vest in three equal annual installments on the first, second, and third anniversaries"
Exercise or conversion of derivative security financial
"transaction code description: Exercise or conversion of derivative security"
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 Dennis Zeleny report on this Form 4?
Dennis Zeleny reported exercising 3,827 restricted stock units into common stock. The RSUs converted at a stated price of $0.00 per share, reflecting equity compensation vesting rather than an open-market purchase, and increased his directly held common shares before tax withholding.
What is the structure of Dennis Zeleny’s 2024 restricted stock unit grant at ONIT?
On March 29, 2024, Zeleny received 11,481 restricted stock units. The grant vests in three equal annual installments on the first, second, and third anniversaries of the grant date, with each unit delivering one share of common stock when the relevant vesting conditions are satisfied.
Does the ONIT Form 4 show an open-market buy or sell by Dennis Zeleny?
The Form 4 reflects an exercise and tax-withholding event, not an open-market trade. RSUs converted into 3,827 common shares, and 1,506 shares were withheld for taxes. No shares were reported as bought or sold on the open market in this filing.
What role does Dennis Zeleny hold at Onity Group (ONIT) in this Form 4?
In this Form 4, Dennis Zeleny is identified as an officer of Onity Group. His title is Executive Vice President & Chief Administrative Officer, and the reported equity transactions relate to his executive compensation package, specifically restricted stock unit awards.