Rithm Capital (RITM) CFO Nicola Santoro Receives Awards

What Happened
Nicola Santoro Jr., Chief Financial Officer of Rithm Capital (RITM), was granted multiple Class B Profits Units (derivative awards) on April 30, 2026 and July 31, 2026. The filing shows ten separate awards (five on each date) totaling 12,821 Class B Profits Units, each acquired at $0.00. These units are profits-interest/award units in Rithm Capital Management LLC (RCM) that can be exchanged one-for-one into RITM common stock subject to vesting and profit-allocation rules — i.e., these are awards, not open-market purchases or sales.

Key Details

• Transaction dates and amounts:
  • 2026-04-30: 521, 2,085, 819, 820 and 2,114 Class B Profits Units (total 6,359) @ $0.00 (derivative awards)
  • 2026-07-31: 529, 2,119, 833, 833 and 2,148 Class B Profits Units (total 6,462) @ $0.00 (derivative awards)
  • Grand total reported: 12,821 Class B Profits Units
• Units are exchangeable 1-for-1 into RITM common shares under the RCM Long Term Incentive Plan (F1).
• Several grants include dividend-equivalent units and performance- or time-based vesting schedules (see footnotes F2–F7):
  • Some awards vest over multiple years (e.g., three equal annual installments; specific vesting dates vary by grant).
  • Some awards are performance-based (tranches tied to return-on-equity or other criteria) and vest only if performance and continued employment conditions are met.
• Price: $0.00 (awarded/granted, not purchased).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing date (accession): Aug 4, 2026 (the report covers grants dated Apr 30 and Jul 31, 2026).

Context
These are derivative awards (profits-interest units) rather than immediate stock purchases or sales. They typically convert to common stock only after vesting and when profits are allocated; dividend-equivalent units merely track dividends on underlying awards. Awards can be part of regular executive compensation and do not by themselves indicate a buy/sell signal unless converted and sold later.