4//SEC Filing
Sivin Philip M 4
Accession 0001299722-24-000009
CIK 0001556593other
Filed
Apr 29, 8:00 PM ET
Accepted
Apr 30, 4:35 PM ET
Size
9.0 KB
Accession
0001299722-24-000009
Insider Transaction Report
Form 4
Sivin Philip M
Chief Legal Officer
Transactions
- Award
Common Stock
2024-04-26+216→ 16,431 total - Award
Class B Profits Units of Rithm Capital Management LLC
2024-04-26+325→ 14,927 total→ Common Stock (325 underlying)
Footnotes (6)
- [F1]Represents dividend equivalent rights accrued on existing time-based restricted stock units, the grant of which was previously reported, in connection with the issuer's quarterly dividend. Such dividend equivalent units will vest on the same schedule and subject to the same terms and conditions as the underlying awards.
- [F2]Includes 9,927 unvested restricted stock units.
- [F3]Class B Profits Units of Rithm Capital Management LLC ("RCM") will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis pursuant to the terms and conditions set forth in the Rithm Capital Management LLC Long Term Incentive Plan and the individual award agreement.
- [F4]Represents dividend equivalent rights accrued on existing Class B Profits Units, the grant of which was previously reported, in connection with the issuer's quarterly dividend. Such dividend equivalent Class B Profits Units will vest on the same schedule and are subject to the same terms and conditions as the underlying awards.
- [F5]Reflects a profits interest award in the form of Class B Profits Units in RCM granted to the Reporting Person on February 23, 2024, which will vest in three equal annual installments on February 23 of each of 2025, 2026 and 2027, so long as the Reporting Person remains in continued employment with the Issuer. These Class B Profits Units will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis after they have become vested and a sufficient amount of profits have been allocated to the holder of the Class B Profits Units.
- [F6]The Reporting Person's Form 4 filing on February 26, 2024 inadvertently understated the number of Class B Profit Units granted to the Reporting Person by 2,920 Class B Profit Units. The total amount reported in Column 9 corrects the balance of the Reporting Person's account.
Documents
Issuer
Rithm Capital Corp.
CIK 0001556593
Entity typeother
Related Parties
1- filerCIK 0001299722
Filing Metadata
- Form type
- 4
- Filed
- Apr 29, 8:00 PM ET
- Accepted
- Apr 30, 4:35 PM ET
- Size
- 9.0 KB