Finnerty Kevin J 4
Research Summary
AI-generated summary
Rithm Capital (RITM) Director Kevin J. Finnerty Receives 16,739-Share Award
What Happened
- Kevin J. Finnerty, a director of Rithm Capital Corp. (RITM), was granted 16,739 shares on 2026-05-26 as an award/compensation (transaction code A). The shares were issued at $0.00 to the insider. Based on the company’s closing price of $9.26 on May 22, 2026, the award was worth roughly $155,000 (16,739 × $9.26 ≈ $155,002).
Key Details
- Transaction date: 2026-05-26 (reported on Form 4 filed 2026-05-27; timely within the usual two-business-day window).
- Transaction type/code: Award/Grant (A); acquisition price reported as $0.00.
- Shares granted: 16,739.
- Estimated value: ≈ $155,000 using the May 22, 2026 close of $9.26 (per filing footnote).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: F1 states the shares were issued as director compensation under Rithm’s Omnibus Incentive Plan and per additional terms set by the Board (may include vesting or other conditions).
Context
- This was a compensation award to a director, not an open-market purchase or sale. Such grants are common for board compensation and do not necessarily signal an insider buying or selling based on near-term views of the stock. The award’s reported value is calculated from a recent closing price and may change with market moves; the grant may also be subject to vesting or other restrictions per board resolution.