4//SEC Filing
SANTORO NICOLA JR 4
Accession 0001571610-25-000004
CIK 0001556593other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 9:41 PM ET
Size
11.3 KB
Accession
0001571610-25-000004
Insider Transaction Report
Form 4
SANTORO NICOLA JR
Chief Financial Officer
Transactions
- Award
Class B Profits Units of Rithm Capital Management LLC
2025-01-31+1,194→ 56,168 total→ Common Stock (1,194 underlying) - Award
Class B Profits Units of Rithm Capital Management LLC
2025-01-31+796→ 37,444 total→ Common Stock (796 underlying) - Award
Common Stock
2025-01-31+1,128→ 114,949 total
Footnotes (6)
- [F1]Represents dividend equivalent rights accrued on existing time-based restricted stock units, the grant of which was previously reported, in connection with the issuer's quarterly dividend. Such dividend equivalent units will vest on the same schedule and subject to the same terms and conditions as the underlying awards.
- [F2]Includes 53,064 unvested restricted stock units.
- [F3]Class B Profits Units of Rithm Capital Management LLC ("RCM") will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis pursuant to the terms and conditions set forth in the Rithm Capital Management LLC Long Term Incentive Plan and the individual award agreement.
- [F4]Represents dividend equivalent rights accrued on existing Class B Profits Units, the grant of which was previously reported, in connection with the Issuer's quarterly dividend. Such dividend equivalent Class B Profits Units will vest on the same schedule and are subject to the same terms and conditions as the underlying awards.
- [F5]Reflects a profits interest award in the form of Class B Profits Units in RCM granted to the Reporting Person on February 23, 2024, which will vest in three equal annual installments on February 23 of each of 2025, 2026 and 2027, so long as the Reporting Person remains in continued employment with the Issuer. These Class B Profits Units will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis after they have become vested and a sufficient amount of profits have been allocated to the holder of the Class B Profits Units.
- [F6]Reflects a profits interest award in the form of Class B Profits Units in RCM earned based on annual return on equity for the 2024 performance period. As of January 27, 2025, performance-based criteria have been satisfied for 1 of the 3 tranches, which will vest on February 23, 2027, so long as the Reporting Person remains in continued employment with the Issuer. These Class B Profits Units are exchangeable into shares of Common Stock of the Issuer on a one-for-one basis after they have become vested and a sufficient amount of profits have been allocated to the holder of the Class B Profits Units.
Documents
Issuer
Rithm Capital Corp.
CIK 0001556593
Entity typeother
Related Parties
1- filerCIK 0001571610
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 9:41 PM ET
- Size
- 11.3 KB