Wade Aaron D 4

What Happened

• Wade Aaron D, EVP & Chief Investment Officer of ONITY Group Inc. (ONIT), had restricted stock units (RSUs) convert to common shares on April 3, 2026. A total of 7,605 RSUs vested (5,852 from a performance-based award and 1,753 from a time-based award). To satisfy tax-withholding obligations, 3,869 shares were withheld (2,977 shares and 892 shares) at $39.67 per share, producing total withholding proceeds of $153,484. Net issued shares to the insider after withholding were approximately 3,736 shares.

Key Details

• Transaction date: April 3, 2026; Form 4 filed April 7, 2026 (timely filing).
• Vested/converted: 5,852 RSUs (performance-based) and 1,753 RSUs (time-based) = 7,605 shares.
• Shares withheld for taxes: 2,977 shares @ $39.67 = $118,098; 892 shares @ $39.67 = $35,386; total withheld value = $153,484.
• Net shares received: ~3,736 shares (7,605 vested − 3,869 withheld).
• Shares owned after transaction: not specified in the Form 4.
• Relevant footnotes: the 5,852 units came from a performance-based award (target reported earlier; vesting depended on TSR vs. peers) and the 1,753 units were part of a time-based grant. Each RSU converts to one share on vesting. Withholding was done pursuant to award terms.

Context

• This was not an open-market sale or cash purchase. It reflects RSU vesting and routine tax withholding (a common administrative transaction), not a directional buy or sell signal.
• The filing shows conversion of RSUs (derivative-to-stock event) and share withholding to cover taxes — effectively a cashless settlement of tax obligations rather than an intentional sale for investment purposes.