ZELENY DENNIS 4

What Happened

• Dennis Zeleny, EVP & Chief Administrative Officer of Onity Group, had 2,978 restricted stock units (RSUs) vest on March 15, 2026 and those vested units were cash-settled to him. The company used the March 13, 2026 closing price of $37.75 to determine the payout, equal to roughly $112,420.
• On the same date he was also granted two new RSU awards: 8,949 time-based RSUs (vesting in three equal annual installments) and 8,950 performance-and-time-based RSUs (target amount, performance may pay 0%–200% at the 2029 measurement). These are contingent cash-settlement rights tied to the company’s stock price at vesting.

Key Details

• Transaction date: March 15, 2026 (vesting and new grants). Closing price used for cash settlement: $37.75 (last trading day prior to vesting, March 13, 2026).
• Cash payout for vested RSUs: 2,978 units × $37.75 ≈ $112,419.50.
• New awards: 8,949 RSUs (time-based) and 8,950 RSUs (performance + time) — total target units = 17,899.
• Shares owned after transaction: not stated in the filing.
• Footnotes: the 2,978 settled units were the first third of a March 15, 2025 grant of 8,936 RSUs; the new 8,949 award vests over three years, and the 8,950 award vests subject to performance and time with payout measured March 15, 2029 (0%–200% of target).
• Filing timeliness: Form 4 filed March 17, 2026 reporting March 15, 2026 activity (appears timely).

Context

• These filings reflect routine RSU vesting and new equity award grants rather than open-market purchases or sales. The vested units were cash-settled (cash payout based on the stock price) rather than resulting in share transfers to the insider.
• The performance RSUs include a multiplier based on total shareholder return versus a peer group, so the final payout could be higher or lower than the stated target units depending on future performance.