Samarias Joseph J 4

What Happened
Joseph J. Samarias, EVP & Chief Legal Officer of Onity Group (ONIT), had 1,638 restricted stock units (RSUs) vest and be settled in cash on March 15, 2026, based on the last trading-day closing price of $37.75 (cash payout ≈ $61,835). On the same date he was granted two new awards: 3,937 time‑based RSUs (vest in three equal annual installments) and 3,938 RSUs that are subject to both time and a performance condition (0%–200% payout based on relative total shareholder return, measured at a 3/15/2029 vest date).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
• Cash settlement: 1,638 RSUs settled at $37.75 (closing price on March 13, 2026) → ≈ $61,835 paid to the reporting person.
• New grants: 3,937 time‑based RSUs (three equal annual vesting instalments) and 3,938 performance‑and‑time RSUs (payout 0%–200% of target, measurement date Mar 15, 2029).
• Shares owned after the reported transactions: not specified in the filing.
• Transaction codes: M = conversion/exercise of derivative (vesting RSUs), D = disposition to issuer (cash settlement), A = award/grant.
• Footnotes: the settled RSUs were from a March 15, 2025 grant of 4,915 RSUs; 1,638 of those vested. The new awards are cash‑settled RSUs (each unit equals a contingent right to a cash payment equal to the stock closing price on vesting).

Context
This was largely administrative: a scheduled vesting and cash settlement of previously granted RSUs and the grant of new time- and performance‑based RSUs. Cash settlements and standard executive equity grants are routine and do not, by themselves, signal a purchase or sale of underlying shares. The performance RSUs include a market‑based payout range tied to relative TSR, so final payout will depend on future company performance versus peers.