Onity Group (ONIT) CLO exercises 1,913 RSUs; 753 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONITY GROUP INC. executive Joseph J. Samarias, EVP & Chief Legal Officer, exercised 1,913 restricted stock units into 1,913 shares of common stock on March 29, 2026. A separate transaction shows 753 shares of common stock withheld at $37.54 per share to cover tax withholding obligations under the award terms.
Following these compensation-related transactions, Samarias directly holds 22,923 shares of ONITY common stock. The restricted stock units were part of a grant of 5,740 units awarded on March 29, 2024, scheduled to vest in three equal annual installments subject to continued employment and other conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,913 shares exercised/converted
Mixed
3 txns
Insider
Samarias Joseph J
Role
EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,913 | $0.00 | -- |
| Exercise | Common Stock | 1,913 | $0.00 | -- |
| Tax Withholding | Common Stock | 753 | $37.54 | $28K |
Holdings After Transaction:
Restricted Stock Units — 1,914 shares (Direct);
Common Stock — 23,676 shares (Direct)
Footnotes (1)
- On March 29, 2024, the reporting person was granted 5,740 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: 1,913 units
Shares from RSU conversion: 1,913 shares
Shares withheld for taxes: 753 shares
+4 more
7 metrics
RSUs exercised
1,913 units
Restricted Stock Units converted to common stock on March 29, 2026
Shares from RSU conversion
1,913 shares
Common stock received from RSU vesting on March 29, 2026
Shares withheld for taxes
753 shares
Common stock withheld to cover tax obligations at $37.54 per share
Tax withholding price
$37.54 per share
Price applied to 753 withheld common shares
Post-transaction holdings
22,923 shares
Common stock directly owned by Samarias after transactions
Original RSU grant
5,740 units
Restricted stock units granted on March 29, 2024
Vesting schedule
3 equal annual installments
RSUs vest on first, second, and third anniversaries of March 29, 2024 grant
Key Terms
Restricted Stock Units, tax withholding obligations, contingent right, annual installments
4 terms
Restricted Stock Units financial
"the reporting person was granted 5,740 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"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
annual installments financial
"scheduled to vest in three equal annual installments on the first, second, and third anniversaries"
FAQ
What insider transaction did ONIT executive Joseph J. Samarias report?
Joseph J. Samarias exercised 1,913 restricted stock units into 1,913 common shares and had 753 common shares withheld for taxes. These actions reflect routine equity compensation activity rather than open-market buying or selling of ONITY GROUP INC. stock.
What are the terms of Joseph J. Samarias’s ONIT restricted stock unit grant?
On March 29, 2024, Samarias received 5,740 restricted stock units that vest in three equal annual installments on the first, second, and third anniversaries of grant. Each unit represents a contingent right to receive one ONITY common share upon vesting.
How many ONIT restricted stock units vested for Joseph J. Samarias in this event?
In this event, 1,913 restricted stock units converted into 1,913 ONITY GROUP INC. common shares. This amount aligns with one-third of the original 5,740-unit grant scheduled to vest annually over three years, subject to continued employment and other conditions.