RITTS GREGORY J. 4
Research Summary
AI-generated summary
Altisource (ASPS) Chief Legal Officer Gregory Ritts Receives RSUs
What Happened
Gregory J. Ritts, Altisource Portfolio Solutions S.A.'s Chief Legal and Compliance Officer, had time‑based restricted stock units (RSUs) vest on Feb 25, 2026. To satisfy the tax withholding obligation on the vesting, 5,821 shares of ASPS common stock were withheld; 9,912 shares were delivered to Mr. Ritts. The withholding was calculated using the opening price of ASPS common stock on Feb 25, 2026 (specific per‑share price not disclosed in the Form 4). This was a tax‑withholding disposition (transaction code F), not an open‑market sale.
Key Details
- Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears timely within the Form 4 reporting window).
- Action: Tax withholding on vested RSUs — 5,821 shares withheld; 9,912 shares delivered to insider.
- Price/value: Withholding calculated based on the opening price on 2026-02-25; the Form 4 does not list a per‑share price or total dollar value.
- Footnotes: F1 explains withholding to satisfy tax on previously reported time‑based RSUs granted under the 2024 Annual Incentive Plan; F2 notes the reported holdings include 6,826 RSUs.
- Filing timeliness: Filed two days after the transaction date, which generally meets the two-business‑day Form 4 deadline.
Context
This was a routine tax‑withholding event associated with RSU vesting (a non‑market‑purchase transaction), not an indication of an open‑market sale or purchase by the insider. Such withholdings are common when equity awards vest and do not, by themselves, signal the insider's view of the company.