Bradfield Richard J. 4
4 · ONITY GROUP INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
ONIT EVP Richard Bradfield Cash-Settles Vested RSUs
What Happened
- Richard J. Bradfield, EVP, Strategic Initiatives at Onity Group Inc. (ONIT), had 2,110 restricted stock units (RSUs) vest on March 15, 2026 and those units were settled in cash under the award terms. The last trading day price used for settlement was $37.75 (March 13, 2026), producing cash proceeds of $79,652.50. The Form 4 shows conversion/exercise and a disposition to the issuer reflecting the cash settlement.
- On the same date the company granted Bradfield two new awards totaling 10,143 RSUs: 5,071 RSUs that vest in three equal annual installments (time-based) and 5,072 RSUs that are subject to both time- and performance-based vesting (0%–200% payout based on relative total shareholder return).
Key Details
- Transaction date: March 15, 2026 (vest/settlement and new grants). Settlement price basis: $37.75 (closing price on March 13, 2026). Cash received: $79,652.50 for 2,110 vested RSUs.
- Reported Form 4 entries use codes M (exercise/conversion), D (disposition to issuer) and A (award/grant) to reflect the cash settlement and new awards.
- New awards: 5,071 time-vested RSUs (three equal annual installments) and 5,072 performance/time RSUs (measurement and potential 0%–200% payout; eligible to vest March 15, 2029 based on TSR vs peer group).
- Shares owned after the transaction: not disclosed in the filing.
- Filing date: March 17, 2026 (filed two days after the March 15 transactions); no late filing flag is indicated in the report.
Context
- These transactions reflect a cash settlement of vested RSUs (not an open-market sale of previously owned shares) and new equity incentives. Cash settlement means Bradfield received a cash payout tied to the stock price rather than receiving shares.
- New RSU grants are subject to time and/or performance conditions and do not necessarily indicate buying or selling sentiment; they are standard executive compensation tools to retain and incent executives.
Insider Transaction Report
Form 4
ONITY GROUP INC.ONIT
Bradfield Richard J.
EVP, Strategic Initiatives
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-15+2,110→ 2,993 total - Disposition to Issuer
Common Stock
[F1]2026-03-15−2,110→ 883 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-15−2,110→ 4,220 total→ Common Stock (2,110 underlying) - Award
Restricted Stock Units
[F3][F2]2026-03-15+5,071→ 5,071 total→ Common Stock (5,071 underlying) - Award
Restricted Stock Units
[F4][F2]2026-03-15+5,072→ 5,072 total→ Common Stock (5,072 underlying)
Footnotes (4)
- [F1]On March 15, 2025, the reporting person was granted 6,330 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to the reporting person's continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of ONIT common stock on the applicable vesting date. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 2,110 restricted stock units that vested pursuant to the award on March 15, 2026. On March 13, 2026, the last trading day prior to the vesting date, the closing price of ONIT common stock was $37.75.
- [F2]Not applicable
- [F3]On March 15, 2026, the reporting person was granted 5,071 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to the reporting person's continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of ONIT common stock on the applicable vesting date.
- [F4]On March 15, 2026, the reporting person was granted 5,072 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of ONIT common stock on the applicable vesting date. Between 0% and 200% of the target number of units will be eligible to vest on March 15, 2029 based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement period.
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Richard J. Bradfield|2026-03-17