Anderson Scott William 4
Research Summary
AI-generated summary
ONITY (ONIT) EVP Scott Anderson Receives RSUs; Tax-Withheld Shares
What Happened
- Scott W. Anderson, EVP & Chief Servicing Officer of ONITY (ONIT), had restricted stock units (RSUs) vest on April 3, 2026. A total of 15,212 RSUs converted into 15,212 shares (11,706 from a performance-based award and 3,506 from a time-based award).
- To cover tax withholding obligations, 5,986 of those shares were surrendered/withheld at a withholding price of $39.67 per share, producing cash proceeds of $237,465 (4,606 shares → $182,720; 1,380 shares → $54,745). The net shares delivered to Anderson were 9,226 (15,212 vested – 5,986 withheld).
- The Form 4 shows the RSU conversions reported as derivative exercises/conversions (code M) and the tax-related dispositions reported with code F.
Key Details
- Transaction date: April 3, 2026; Form 4 filed April 7, 2026 (filed within the typical two-business-day window).
- Withholding price used: $39.67 per share; total tax withholding value ≈ $237,465.
- Shares vested: 15,212 (11,706 performance-based; 3,506 time-based). Shares withheld for taxes: 5,986. Net shares delivered: 9,226.
- Footnotes: F1 = performance RSU grant (April 3, 2023) that vested at 11,706 units based on TSR relative performance; F3 = time‑based RSU grant (April 3, 2023) with roughly equal annual installments, one installment of 3,506 vested; F2 = shares withheld to cover tax obligations; F4 = each RSU = one share.
- Shares owned after the transaction are not specified in the provided excerpt.
Context
- These filings reflect RSU vesting and standard tax-withholding (not an open-market sale). The derivative-code entries (M) represent conversion/settlement of RSUs into shares; the F-code entries represent shares withheld to satisfy tax liabilities.
- Such withholding is routine for employee equity awards and should not by itself be read as a bullish or bearish signal about the company’s prospects.