4/A//SEC Filing
Esterman Michelle D. 4/A
Accession 0001664272-25-000061
CIK 0001462418other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 6:19 PM ET
Size
12.3 KB
Accession
0001664272-25-000061
Insider Transaction Report
Form 4/AAmended
Esterman Michelle D.
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Share Units
2025-01-29−2,613→ 0 totalExercise: $0.00→ Common Stock (2,613 underlying) - Award
Common Stock
2025-01-29$0.71/sh+45,285$32,288→ 226,055 total - Tax Payment
Common Stock
2025-01-29$0.68/sh−14,201$9,657→ 211,854 total - Exercise/Conversion
Common Stock
2025-01-29+2,613→ 214,467 total
Footnotes (7)
- [F1]As part of a previously disclosed company-wide cost reduction plan, Ms. Esterman has volunteered to temporarily modify her compensation by offering the Company the option to replace up to 30% of her base compensation with a grant of unrestricted ASPS common stock (the "Adjustment"). At the end of each calendar quarter (each a "Period"), until either Ms. Esterman or the Company, upon written notice, reduces or terminates the Adjustment, the Company will determine the portion of the reduced amount to be paid in common stock and transfer the shares. For the Period ended December 31, 2024, Ms. Esterman received 45,285 shares, which vested immediately
- [F2]Represents the cost per share used to determine the temporary compensation replacement described in Footnote 1. Given that the shares are a replacement for compensation, their net cost was $0.
- [F3]Of the 45,285 shares granted to Ms. Esterman, reported above, 13,427 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 31,858 shares.
- [F4]Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date.
- [F5]2,613 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the Altisource 2022 Long Term Incentive Plan ("LTIP").
- [F6]Represents the full and final vesting of Type II Performance-based RSUs previously granted pursuant to the Altisource 2022 LTIP. Our Compensation Committee approved vesting at 26.13% of target; the remaining RSUs failed to vest. Each RSU represents a contingent right to receive one share of ASPS common stock.
- [F7]This amendment increases the number of shares foregone to pay for the tax withholding by 774 shares, to include the number of shares foregone to pay the tax withholding on the shares acquired by the RSU vesting reported in Table II.
Documents
Issuer
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
CIK 0001462418
Entity typeother
Related Parties
1- filerCIK 0001544019
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 6:19 PM ET
- Size
- 12.3 KB