Nierenberg Michael 4

What Happened

• Michael Nierenberg, CEO of Rithm Capital (RITM), was granted/credited a total of 96,728 award-related units on 2026-01-30. The filing lists five entries: 29,098 shares (RSU style) and four derivative entries of 4,504; 40,538; 5,647; and 16,941 units. All were recorded at $0.00 (awards/credits), not purchases or sales.

Key Details

• Transaction date: January 30, 2026. Form 4 filed February 3, 2026 (timely within the 2-business-day rule).
• Price: $0.00 — these are awards/dividend-equivalent/ profits-interest units, not cash transactions.
• Total units received: 96,728 (29,098 + 4,504 + 40,538 + 5,647 + 16,941).
• Footnote highlights:
  • F1/F4: Some units represent dividend-equivalent rights tied to existing time- and performance-based RSUs or profits units; they vest on same schedules as underlying awards.
  • F2: Filing notes 1,416,543 unvested restricted stock units are included (per the filing).
  • F3/F5–F8: Several entries are Class B Profits Units in Rithm Capital Management LLC (RCM) that are exchangeable one-for-one into Rithm Capital common shares after vesting and after sufficient profits have been allocated. Vesting schedules and performance conditions apply; some performance-based tranches have already satisfied criteria for certain periods (see F6 and F8).
• Shares owned after transaction: the filing primarily reports newly granted/credited units and related footnotes (see F2 for unvested RSU count).
• Filing status: timely (not marked late).

Context

• These awards are retention/performance-linked grants and many are derivative profits-interest units that only convert to common stock on a one-for-one basis after vesting and profit allocation. Dividend-equivalent units mirror the vesting and terms of the underlying awards. Because vesting and performance conditions apply, these grants do not represent an immediate open-market purchase or sale.