O'Neil Sean Bradley 4
Research Summary
AI-generated summary
Onity (ONIT) CFO Sean O'Neil Exercises RSUs; Shares Withheld
What Happened
Sean Bradley O'Neil, Chief Financial Officer of Onity Group Inc. (ONIT), had 4,146 restricted stock units (RSUs) convert to common shares on March 29, 2026. Of those shares, 1,631 were surrendered/withheld to cover tax withholding obligations at a reported per-share amount of $37.54, generating $61,228 in tax withholding. The net result was 2,515 shares retained by the insider.
Key Details
- Transaction date: 2026-03-29. Filing date (Form 4): 2026-03-31 — filing appears timely.
- Transaction types/codes: M = exercise/conversion of derivative (RSU conversion of 4,146 shares); F = shares withheld to satisfy tax obligations (1,631 shares at $37.54, $61,228).
- Net shares received after withholding: 2,515 (4,146 vested − 1,631 withheld). Approximately 39.4% of the vested shares were withheld for taxes.
- Footnotes: F1 explains the original grant of 12,437 RSUs on 2024-03-29 vesting in three equal annual installments; F2 confirms shares were withheld to cover tax withholding; F3 not applicable.
- Shares owned after the transaction are not specified in the provided filing.
Context
This was a scheduled vesting/conversion of RSUs rather than an open-market sale or purchase. The withholding of shares to cover taxes is a routine administrative step (not an indication of an open-market sale). The filing shows conversion of RSUs and tax-withholding, not a discretionary purchase or sale.