ONITY Group (ONIT) risk chief gains shares as RSUs vest and some withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONITY GROUP INC. Chief Risk & Compliance officer Jenna D. Evans exercised restricted stock units that vested into common shares. She acquired 1,435 shares of common stock through the conversion of previously granted restricted stock units.
Of these shares, 624 were withheld at a price of $37.54 per share to cover tax withholding obligations, leaving a net increase of 811 shares. Following these routine compensation-related transactions, Evans directly holds 4,339 shares of ONITY GROUP INC. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,435 shares exercised/converted
Mixed
3 txns
Insider
Evans Jenna D.
Role
Chief Risk & Compliance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,435 | $0.00 | -- |
| Exercise | Common Stock | 1,435 | $0.00 | -- |
| Tax Withholding | Common Stock | 624 | $37.54 | $23K |
Holdings After Transaction:
Restricted Stock Units — 1,435 shares (Direct);
Common Stock — 4,963 shares (Direct)
Footnotes (1)
- On March 29, 2024, the reporting person was granted 4,305 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: 1,435 units
Shares withheld for taxes: 624 shares at $37.54
Net new shares from vesting: 811 shares
+2 more
5 metrics
RSUs exercised
1,435 units
Converted to common stock on March 29, 2026
Shares withheld for taxes
624 shares at $37.54
Withheld to cover tax obligations under award terms
Net new shares from vesting
811 shares
Difference between 1,435 RSUs exercised and 624 shares withheld
Post-transaction holdings
4,339 shares
Common stock directly held by Jenna D. Evans after transactions
Original RSU grant
4,305 units
Granted March 29, 2024, vesting in three equal annual installments
Key Terms
Restricted Stock Units, contingent right to receive, tax withholding obligations, Exercise or conversion of derivative security
4 terms
Restricted Stock Units financial
"the reporting person was granted 4,305 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 financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
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 ONITY GROUP INC. (ONIT) report for Jenna D. Evans?
ONITY GROUP INC. reported that Chief Risk & Compliance officer Jenna D. Evans exercised 1,435 restricted stock units into common shares. Part of these shares was then withheld to satisfy tax obligations tied to the equity award’s vesting.
What is the background of the restricted stock units in this ONIT Form 4?
The restricted stock units stem from a March 29, 2024 grant of 4,305 units to Jenna D. Evans. These units are scheduled to vest in three equal annual installments on each anniversary of the grant date, subject to continued employment and other conditions.
Is the ONITY GROUP INC. (ONIT) Form 4 a market sale by Jenna D. Evans?
The Form 4 does not report any open-market sale by Jenna D. Evans. Instead, shares were acquired through RSU vesting and a portion was withheld at $37.54 per share to satisfy tax liabilities, which is treated as a tax-withholding disposition, not a market trade.