Peach James Andrew 4

What Happened
Peach James Andrew, EVP & Chief Lending Officer of Onity Group Inc. (ONIT), had restricted stock units (RSUs) convert and be settled for cash on April 3, 2026. A total of 3,222 RSUs vested (2,479 from a performance award and 743 from a time-based award) and were paid out based on the closing price of ONIT common stock on the applicable vesting date ($39.67 on April 2, 2026), yielding approximately $127,816.74 in cash. These transactions were conversions/settlements of RSUs (derivative exercises and dispositions to the issuer), not open-market stock purchases or sales.

Key Details

• Transaction date: April 3, 2026 (filing date: April 7, 2026).
• Units vested/settled: 2,479 (performance-based) + 743 (time-based) = 3,222 RSUs.
• Per-share reference price (closing 4/2/2026): $39.67; approximate cash value: $127,816.74.
• Filing shows conversion (code M) and disposition to issuer (code D); reported derivative rows list $0.00 per-share for the disposition line (common in cash-settled RSU reporting).
• Shares owned after the transaction: not disclosed in the Form 4 provided.
• Notable footnotes: F1 explains each RSU pays cash equal to the closing share price on the vesting date; F2/F3 describe the awards (performance- and time-based grants from April 3, 2023).

Context

• This was a regular compensation vesting and cash settlement of RSUs, not an open-market sale or a new purchase of company stock. Cash-settled RSUs simply convert a grant into a cash payment tied to the stock price.
• Such routine vesting events are common for executive compensation and do not by themselves indicate insider buying or selling intent.
• The Form 4 was filed four days after the transaction (filed April 7 for an April 3 event), which is outside the typical two-business-day Form 4 reporting window and may be considered a late filing.