MASTIONI MARCELLO 4
4 · Altisource Portfolio Solutions S.A. · Filed Mar 11, 2021
Insider Transaction Report
Form 4
MASTIONI MARCELLO
PRES, REAL ESTATE MARKETPLACE
Transactions
- Award
Restricted Share Units
2021-03-09+9,918→ 9,918 totalExercise: $0.00From: 2021-06-30→ Common Stock (9,918 underlying)
Footnotes (3)
- [F1]Each restricted share unit ("RSU") represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. ("ASPS") common stock.
- [F2]Mr. Mastioni received a grant of 9,918 RSUs based on the 30-day average closing share price of ASPS common stock of $10.56 preceding the March 9, 2021 grant date. The RSUs were granted to Mr. Mastioni as annual incentive compensation for the 2020 service year ("2020 Annual Incentive Compensation") based upon the Board approved bonus pool funding level and his personal scorecard performance. Altisource determined to pay 100% of the 2020 Annual Incentive Compensation in RSUs.
- [F3]Pursuant to the terms of the equity award agreement, following the previously announced departure of Mr. Mastioni from the Company on May 30, 2021, all 9,918 RSUs are expected to vest on June 30, 2021.