Wade Aaron D 4
4 · ONITY GROUP INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
ONITY (ONIT) EVP Wade Aaron D Receives RSU Awards, Settles Vested Units
What Happened
Wade Aaron D, EVP & Chief Investment Officer of ONITY Group Inc. (ONIT), had 1,861 previously granted restricted stock units (RSUs) vest and settle in cash on March 15, 2026, producing approximately $70,252.75 (1,861 × $37.75, the closing price on March 13, 2026). At the same time he was granted two new RSU awards on March 15, 2026: 6,563 time‑based RSUs (vesting in three equal annual installments) and 6,563 RSUs that are subject to both time‑based and performance‑based vesting (targetable between 0%–200% based on relative total shareholder return vs. a peer group).
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely within the 2‑business‑day window).
- Cash settlement: 1,861 RSUs settled in cash at $37.75 per share (closing price on March 13, 2026) = $70,252.75. The filing shows conversion/exercise and disposition to issuer consistent with cash settlement/tax withholding.
- New grants (both dated March 15, 2026): 6,563 time‑based RSUs (three annual installments) and 6,563 performance/time RSUs (subject to performance testing with vesting measurement ending March 15, 2029; 0%–200% payout range).
- Shares owned after transaction: Not disclosed in the provided filing summary.
- Footnote recap: The settled RSUs were from a March 15, 2025 grant of 5,585 RSUs; 1,861 of those vested on March 15, 2026 and were settled in cash per award terms.
Context
- These were RSU settlements and new RSU awards — not an open‑market sale or purchase of common stock. The cash received reflects settlement of vested RSUs (routine compensation/tax settlement), not a market sale that would necessarily signal a negative view.
- The performance RSUs carry payout uncertainty (0%–200%) and vesting is conditioned on both performance and continued employment; time‑based RSUs vest over three years.
- For retail investors, grants increase potential future dilution but are common for executive compensation; cash settlement of vested RSUs is typically administrative rather than informative about insider sentiment.
Insider Transaction Report
Form 4
ONITY GROUP INC.ONIT
Wade Aaron D
EVP & Chief Inv. Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-15+1,861→ 16,989 total - Disposition to Issuer
Common Stock
[F1]2026-03-15−1,861→ 15,128 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-15−1,861→ 3,724 total→ Common Stock (1,861 underlying) - Award
Restricted Stock Units
[F3][F2]2026-03-15+6,563→ 6,563 total→ Common Stock (6,563 underlying) - Award
Restricted Stock Units
[F4][F2]2026-03-15+6,563→ 6,563 total→ Common Stock (6,563 underlying)
Footnotes (4)
- [F1]On March 15, 2025, the reporting person was granted 5,585 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 1,861 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 6,563 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 6,563 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 periods.
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Aaron D. Wade|2026-03-17