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ONITY GROUP INC.·4

Mar 17, 4:15 PM ET

Wade Aaron D 4

Research Summary

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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.