Shepro William B 4
4 · ALTISOURCE PORTFOLIO SOLUTIONS S.A. · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Altisource (ASPS) CEO William Shepro Receives 65,342 Shares via RSU Vesting
What Happened
William B. Shepro, Chair and CEO of Altisource Portfolio Solutions S.A. (ASPS), had 103,716 restricted share units (RSUs) vest on February 19, 2026. No exercise price was paid (RSUs convert to shares). Of the 103,716 vested shares, 38,374 were withheld to satisfy tax withholding and 65,342 shares were delivered to Mr. Shepro. The 65,342 delivered shares were then transferred by gift to the William B. Shepro Revocable Trust. The filing reflects a prior 1:8 stock consolidation (effective May 28, 2025).
Key Details
- Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (filed within two business days).
- Vesting: 103,716 RSUs converted to 103,716 shares (derivative conversion; filing shows $0 exercise price).
- Tax withholding: 38,374 shares withheld (price per share used to compute withholding = opening price on Feb 19, 2026; exact dollar amounts not disclosed in the filing).
- Net delivered to insider: 65,342 shares; those 65,342 shares were transferred as a gift to the William B. Shepro Revocable Trust.
- Remaining RSUs: 207,431 RSUs from the same award remain and are scheduled to vest on Feb 19, 2027 and Feb 19, 2028.
- Footnote meanings: M = derivative conversion of RSUs to shares; F = shares withheld for tax withholding; G = gift transfer; each RSU equals one contingent share.
Context
This was an RSU vesting event (award conversion), not an open-market purchase or sale. The tax obligation was satisfied by share withholding rather than a cash payment (a common, non-market transaction). The subsequent gift to the revocable trust is an ownership transfer and does not by itself signal a change in Mr. Shepro’s view of the company’s stock. All figures in the filing reflect the company’s 1:8 consolidation effective May 28, 2025.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-19+103,716→ 116,216 total - Tax Payment
Common Stock
[F2]2026-02-19−38,374→ 77,842 total - Gift
Common Stock
[F3]2026-02-19−65,342→ 12,500 total - Gift
Common Stock
[F3]2026-02-19+65,342→ 220,276 total(indirect: By Trust) - Exercise/Conversion
Restricted Share Units
[F1][F4]2026-02-19−103,716→ 207,431 totalExercise: $0.00→ Common Stock (103,716 underlying)
- 12,500
Restricted Share Units
Footnotes (4)
- [F1]Mr. Shepro received 103,716 shares of ASPS common stock upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the Altisource 2009 Equity Incentive Plan. The remaining 207,431 RSUs from such award are scheduled to vest in two installments on the second and third anniversaries of the grant date (i.e., February 19, 2027 and February 19, 2028.
- [F2]Of the 103,716 RSUs that vested, 38,374 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 65,342 shares of ASPS common stock to Mr. Shepro. The price per share used to determine the tax withholding was the opening price of ASPS common stock on February 19, 2026.
- [F3]Represents a transfer by gift from Mr. Shepro's direct ownership to the William B. Shepro Revocable Trust of 65,342 shares of ASPS common stock acquired upon the vesting of RSUs under the Altisource 2009 Equity Incentive Plan.
- [F4]Each RSU represents a contingent right to receive one share of ASPS common stock.