ONITY Group (ONIT) CEO exercises 25,513 RSUs; 10,039 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONITY GROUP INC. President and CEO Glen A. Messina exercised restricted stock units that converted into 25,513 shares of common stock. These units were part of a 76,540 RSU grant from March 29, 2024 that vests in three equal annual installments.
To satisfy tax withholding obligations related to this vesting, 10,039 common shares were withheld at a price of $37.54 per share, which is a non-market, tax-related disposition rather than an open-market sale. After these transactions, Messina directly owns 394,802 common shares, including 23,554 shares held jointly with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,513 shares exercised/converted
Mixed
3 txns
Insider
Messina Glen A.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 25,513 | $0.00 | -- |
| Exercise | Common Stock | 25,513 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,039 | $37.54 | $377K |
Holdings After Transaction:
Restricted Stock Units — 25,514 shares (Direct);
Common Stock — 404,841 shares (Direct)
Footnotes (1)
- On March 29, 2024, the reporting person was granted 76,540 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to the reporting person's continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive one share of ONIT common stock on the applicable vesting date. Includes 23,554 shares held jointly with spouse. Shares withheld pursuant to terms of the award to cover tax withholding obligations. Not applicable.
Key Figures
RSUs exercised: 25,513 units
Common shares acquired from RSUs: 25,513 shares
Shares withheld for taxes: 10,039 shares
+4 more
7 metrics
RSUs exercised
25,513 units
Converted into common stock on March 29, 2026
Common shares acquired from RSUs
25,513 shares
Resulting from RSU exercise/conversion
Shares withheld for taxes
10,039 shares
Tax withholding disposition at $37.54 per share
Tax withholding price
$37.54 per share
Value used for shares withheld for tax obligations
Shares owned after transaction
394,802 shares
Direct ONIT common stock holdings following Form 4 transactions
Jointly held shares with spouse
23,554 shares
Included within total direct common stock holdings
Original RSU grant
76,540 units
Granted March 29, 2024, vesting in three equal annual installments
Key Terms
Restricted Stock Units, derivative security, tax withholding obligations, Exercise or conversion of derivative security
4 terms
Restricted Stock Units financial
"the reporting person was granted 76,540 restricted stock units scheduled to vest in three equal annual installments"
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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 did ONIT CEO Glen A. Messina report in this Form 4 transaction?
Glen A. Messina reported exercising restricted stock units into 25,513 shares of ONIT common stock. These shares came from a 76,540 RSU grant dated March 29, 2024 that vests in three equal annual installments, subject to continued employment and other conditions.
What is the background of the restricted stock units exercised by ONIT’s CEO?
On March 29, 2024, Messina was granted 76,540 restricted stock units that vest in three equal annual installments. Each RSU converts into one ONIT common share upon vesting, contingent on his continued employment and satisfaction of specified conditions in the award.