RITTS GREGORY J. 4/A
Research Summary
AI-generated summary
Altisource (ASPS) Chief Legal Officer Gregory Ritts Receives Shares
What Happened
- Gregory J. Ritts, Chief Legal & Compliance Officer of Altisource Portfolio Solutions S.A. (ASPS), had restricted stock units (RSUs) convert to common stock on February 20, 2026. The filing shows 3,934 shares were recorded as acquired via conversion/exercise of derivatives (codes M), with 727 shares withheld to satisfy tax withholding (code F), resulting in a net delivery of 3,207 shares to Mr. Ritts. The recorded per-share exercise/conversion price is $0.00 (these were vesting RSUs, not option purchases).
Key Details
- Transaction date: February 20, 2026; amended Form 4 filed February 26, 2026.
- Reported acquisitions (conversion/vesting): 1,967; 796; and 1,171 shares (total 3,934).
- Tax withholding (disposed): 727 shares; net delivered to insider: 3,207 shares.
- Price shown: $0.00 per share (typical for RSU conversion); the tax-withholding value was determined using ASPS opening price on Feb 20, 2026 (per footnote).
- Footnotes: RSUs came from various plans (2023 AIP, 2024 LTIP, 2009 Equity Incentive Plan); one set (per F6) represents final vesting of 2024 grants. Footnote F3 references 19,666 RSUs in the reported holdings context.
- Shares owned after transaction: not explicitly stated in the provided excerpt of the Form 4.
Context
- These transactions reflect RSU vesting (conversion of awarded restricted share units into common stock), not an open-market purchase or sale. The withholding of shares to cover taxes is a routine administrative step and does not by itself indicate a trading decision or change in sentiment. This is an amended filing reporting the above conversions and withholding.