Kripalani Ranjit M 4
Research Summary
AI-generated summary
Rithm Capital (RITM) Director Ranjit Kripalani Receives Award
What Happened
- Ranjit M. Kripalani, a director of Rithm Capital Corp. (RITM), was issued 16,739 shares as an award/compensation on May 26, 2026. The reported acquisition price was $0.00 (i.e., a grant). Using the applicable closing price of $9.26 on May 22, 2026, the shares had a market value of about $155,000 at that close.
- This was an award/compensation issuance (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-26 (reported on Form 4 filed 2026-05-27).
- Acquisition price: $0.00 per share (grant).
- Shares granted: 16,739 shares (approx. $155,000 using $9.26 close on 2026-05-22).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: The shares were issued under the Issuer's Omnibus Incentive Plan pursuant to a board resolution; the filing cites the $9.26 closing price used for valuation (F1).
- Filing timeliness: Report appears timely (transaction 2026-05-26, Form 4 filed 2026-05-27).
Context
- This was a compensation award to a director. Such grants are routine corporate compensation and do not represent an open‑market purchase (a stronger bullish signal) or a sale.
- Awards under omnibus plans can carry vesting schedules or other restrictions; the Form 4 notes issuance under the plan but does not detail vesting — check other SEC filings (e.g., proxy statements or subsequent Form 4s) for vesting or disposition information.