RITTS GREGORY J. 4/A
4/A · ALTISOURCE PORTFOLIO SOLUTIONS S.A. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Altisource (ASPS) Chief Legal Officer Gregory Ritts Receives Award
What Happened
Gregory J. Ritts, Chief Legal and Compliance Officer of Altisource Portfolio Solutions S.A. (ASPS), had 5,821 shares of common stock withheld to satisfy tax withholding when time-based RSUs vested on February 25, 2026. After withholding, 9,912 shares were delivered to Mr. Ritts. The withholding amount was calculated using ASPS’s opening market price on February 25, 2026. This filing is an amended Form 4 reporting that tax-withholding disposition (transaction code F).
Key Details
- Transaction date: February 25, 2026; amended Form 4 filed March 3, 2026.
- Transaction type/code: Tax withholding on RSU vesting (Code F).
- Shares withheld (disposed): 5,821; Shares delivered to insider: 9,912.
- Price/value: Withholding was calculated based on ASPS opening price on Feb 25, 2026 (specific per-share price not stated in the filing).
- Footnote: Includes 3,933 RSUs previously reported in Table I.
- Timeliness: This is an amended filing submitted March 3, 2026 (the original transaction date was Feb 25, 2026).
Context
This was a routine tax-withholding settlement of vested RSUs (net-share settlement), not an open-market sale or purchase. Such withholdings are common when equity awards vest and do not by themselves indicate insider sentiment about the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-25−5,821→ 49,027 total
Footnotes (2)
- [F1]Shares of Altisource Portfolio Solutions S.A. ("ASPS") common stock were withheld to satisfy Mr. Ritts' tax withholding obligation upon the vesting of previously reported time-based restricted share units ("RSUs"), granted pursuant to the Company's 2024 Annual Incentive Plan. A total of 5,821 shares were withheld, and 9,912 shares were delivered to Mr. Ritts. The tax withholding was calculated based on the opening price of ASPS common stock on February 25, 2026.
- [F2]Includes 3,933 RSUs previously reported in Table I.