Bowers Alan J 4
Research Summary
AI-generated summary
Onity (ONIT) Director Alan Bowers Receives 3,627 RSUs
What Happened
- Alan J. Bowers, a director of Onity Group Inc. (ONIT), was granted 3,627 restricted stock units (RSUs) on May 19, 2026. The grant is reported as an award/acquisition (code A) at $0.00 per share (no cash exchanged).
- These RSUs represent a contingent right to receive one share each upon vesting; the newly granted RSUs vest on May 19, 2027, subject to Bowers’ continued service as a director.
Key Details
- Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (appears timely).
- Amount: 3,627 RSUs granted; reported price per share: $0.00 (typical for RSU grants).
- Vesting: 3,627 RSUs vest May 19, 2027, subject to service conditions (footnote F1).
- Filing notes: Filing also references 3,188 RSUs that will vest May 21, 2026 (footnote F2) — these are separate previously granted units included in reported holdings.
- Shares owned after transaction: Not specified in the provided filing details.
Context
- RSUs are a form of equity compensation that convert to actual shares only upon vesting; this grant does not represent an immediate purchase or sale of stock and is common for directors’ long-term incentive pay.
- Because the grant vests based on continued service, it primarily reflects compensation structure rather than a near-term signal of the insider’s view on the stock.