ONITY GROUP INC.·4

Jun 15, 4:58 PM ET

O'Neil Sean Bradley 4

Research Summary

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Updated

Onity Group (ONIT) CFO Sean O'Neil Exercises Options, Withholds Shares for Taxes

What Happened

  • Sean O'Neil, Chief Financial Officer of Onity Group Inc. (ONIT), exercised or converted derivative awards resulting in 12,887 shares on June 13, 2026. Of those shares, 5,071 were withheld to satisfy tax withholding obligations, valued at $36.63 per share for a total withholding value of $185,751.
  • The filing shows one derivative exercise entry with no per-share price reported (N/A) and another derivative entry showing a $0.00 per-share exercise amount; the withholding was reported as a disposal of 5,071 shares at $36.63 each. This looks like a routine exercise/conversion with tax-withholding rather than an open-market sale for investment purposes.

Key Details

  • Transaction date: June 13, 2026 (Form 4 filed June 15, 2026 — timely within the 2-business-day window).
  • Primary actions: 12,887 shares acquired via exercise/conversion (transaction code M); 5,071 shares withheld/disposed to cover taxes (transaction code F) at $36.63/share = $185,751.
  • Exercise price reported: entries show N/A and $0.00 for the derivative transactions in the filing.
  • Shares owned after the transaction: not specified in the provided extract.
  • Relevant footnotes: F1 — original award of 51,546 RSUs granted in 2022 vesting over four years; F2 — shares withheld to cover tax obligations; F3 — not applicable.
  • This withholding is a tax-related disposition, not necessarily a market sale — common in option/RSU exercises.

Context

  • For retail investors: exercises with share withholding are routine tax-management steps and are not the same as a voluntary sale that signals a change in the insider's view of the company. Transaction codes: M = exercise/conversion of a derivative; F = shares withheld for tax withholding.
  • No 10% owner or gift reporting issues are indicated in this filing.