Wade Aaron D 4
Research Summary
AI-generated summary
ONITY EVP Wade Aaron D Receives 2,057 Shares (RSU Vest)
What Happened
- Wade Aaron D, EVP & Chief Investment Officer of ONITY Group Inc. (ONIT), had 2,057 restricted stock units (RSUs) convert to common shares on March 29, 2026.
- Of the 2,057 shares issued on vesting, 1,047 shares were withheld to cover tax withholding obligations at $37.54/share, generating $39,304 in tax withholding. Net shares delivered to the insider = 1,010 shares.
- This was a vesting/settlement of equity awards (not an open-market buy or sale).
Key Details
- Transaction date: 2026-03-29; filing date (Form 4): 2026-03-31 (appears timely).
- Shares issued on conversion/vesting: 2,057. Shares withheld for taxes (disposed): 1,047 at $37.54 each for $39,304. Net shares retained: 1,010.
- Footnotes: F1 — 6,171 RSUs were originally granted 3/29/2024 and vest in three equal annual installments; F2 — shares were withheld to cover tax withholding; F3 — not applicable.
- Shares owned following the reported transaction: not specified in the provided filing excerpt.
Context
- These entries reflect RSU vesting and share withholding for taxes (a common administrative action). The filing shows conversion/exercise of derivative awards into shares and tax-withholding share disposition; this is routine and does not on its own signal a buy or sell opinion.
- For retail investors, purchases are generally more informative about insider sentiment; this transaction is the settlement of previously granted compensation.