Deer Park Road Corp 4/A
Research Summary
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Altisource (ASPS) Director Mary Hickok Receives RSU Award
What Happened Mary Hickok, a Managing Director at Deer Park (serving as Altisource Portfolio Solutions S.A. non-management director), was granted a total of 19,215 restricted share units (RSUs) on May 21, 2026 (listed as two awards: 19,070 and 145 RSUs). Each RSU represents a contingent right to one share of Altisource common stock and was granted at $0.00 (award/compensation). The RSUs vest on the date of the Issuer’s 2027 Annual General Meeting of Shareholders provided Ms. Hickok attends at least 75% of Board and committee meetings on which she serves. This is an award (not a purchase or sale).
Key Details
- Transaction date and type: May 21, 2026 — Grant/Award (code A).
- Shares granted: 19,215 RSUs total (19,070 + 145) at $0.00 per unit.
- Vesting: Vest at the 2027 Annual General Meeting if attendance condition (≥75% of meetings) is met.
- Shares owned after transaction: The RSUs are reported for the accounts of STS Master Fund, Ltd. and Deer Park 1850 Fund, LP; the filer adjusted counts to reflect a prior 1-for-8 reverse stock split and corrected allocation between those funds.
- Notable footnotes: Economic interest in the RSUs belongs to STS Master Fund, Ltd. and Deer Park 1850 Fund, LP; Ms. Hickok has no pecuniary interest in the reported shares. Deer Park serves as adviser to those funds. Reporting entities disclaim beneficial ownership except to the extent of any pecuniary interest.
- Filing status: This is an amended Form 4 to adjust post-split amounts and correct allocation; no separate late-filing designation is indicated in the provided data.
Context These RSUs are director compensation contingent on continued service and attendance — not an open-market purchase or sell signal. The reported beneficial interest is held by institutional funds advised by Deer Park (a 10% owner), so the grant reflects compensation routing to those funds rather than personal stock ownership by Ms. Hickok.