4//SEC Filing
Grunenwald Francois 4
Accession 0001641172-25-002171
CIK 0000873860other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 6:25 PM ET
Size
21.1 KB
Accession
0001641172-25-002171
Insider Transaction Report
Form 4
ONITY GROUP INC.ONIT
Grunenwald Francois
Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock
2025-03-29−1,285→ 0 total - Exercise/Conversion
Common Stock
2025-03-31+1,182→ 1,182 total - Exercise/Conversion
Common Stock
2025-03-29+1,285→ 1,285 total - Disposition to Issuer
Common Stock
2025-03-31−1,182→ 0 total - Disposition to Issuer
Common Stock
2025-03-31−3,342→ 0 total - Exercise/Conversion
Restricted Stock Units
2025-03-29−1,285→ 2,570 total→ Common Stock (1,285 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-31−3,342→ 0 total→ Common Stock (3,342 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-31−1,182→ 0 total→ Common Stock (1,182 underlying) - Exercise/Conversion
Common Stock
2025-03-31+3,342→ 3,342 total
Footnotes (4)
- [F1]On March 29, 2024, the reporting person was granted 3,855 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of ONIT common stock on the applicable vesting date. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 1,285 restricted stock units that vested pursuant to the award on March 29, 2025. On March 28, 2025, the last trading day prior to the vesting date, the closing price of ONIT common stock was $31.45.
- [F2]On March 31, 2022, the reporting person was granted 3,544 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of ONIT common stock on the applicable vesting date. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 1,182 restricted stock units that vested pursuant to the award on March 31, 2025. On March 31, 2025, the closing price of ONIT common stock was $32.32.
- [F3]On March 31, 2022, the reporting person was granted 3,544 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Between 0% and 200% of the target number of units were eligible to vest on March 31, 2025 based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement periods. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of ONIT common stock on the applicable vesting date. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 3,342 restricted stock units that vested pursuant to the award on March 31, 2025. On March 31, 2025, the closing price of ONIT common stock was $32.32.
- [F4]Not applicable
Documents
Issuer
ONITY GROUP INC.
CIK 0000873860
Entity typeother
Related Parties
1- filerCIK 0001785585
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 6:25 PM ET
- Size
- 21.1 KB