Evans Jenna D. 4

What Happened

• Jenna D. Evans, Chief Risk & Compliance Officer at Onity (ONIT), had 1,117 restricted stock units (RSUs) vest on March 15, 2026 and those units were cash‑settled. Using the last trading day closing price of $37.75 (March 13, 2026), the settlement value was $42,166.75.
• The Form 4 shows an exercise/conversion (code M) and a disposition to the issuer (code D) for the 1,117 units (cash settlement). On the same date (March 15, 2026) Evans was also granted 2,863 time‑based RSUs and 2,864 performance‑based RSUs (both reported as awards, code A).

Key Details

• Transaction date: March 15, 2026 (Form 4 filed March 17, 2026 — timely within the usual two‑business‑day window).
• Cash settlement: 1,117 RSUs × $37.75 = $42,166.75 received.
• New grants: 2,863 RSUs (time‑based; vest in three equal annual installments) and 2,864 RSUs (performance + time; target vests subject to 0–200% payout, measured through March 15, 2029).
• Shares owned after transaction: not specified in the excerpt provided.
• Footnotes: the settled units were from a March 15, 2025 grant (3,351 RSUs originally) that vested in annual installments; the new grants are subject to continued employment and performance/time vesting conditions.

Context

• These transactions are routine compensation events: the vested RSUs were cash‑settled (not an open‑market sale), and the new RSU awards are standard equity compensation that vest over time (and, for part of the award, based on performance vs. peers).
• Cash settlement means the company paid the officer the cash value of vested units rather than issuing shares; that is different from an insider buying or selling stock on the open market.