4//SEC Filing
Esterman Michelle D. 4
Accession 0001664272-25-000064
CIK 0001462418other
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 4:19 PM ET
Size
7.8 KB
Accession
0001664272-25-000064
Insider Transaction Report
Form 4
Esterman Michelle D.
Chief Financial Officer
Transactions
- Award
Common Stock
2025-02-04$0.70/sh+15,376$10,763→ 229,843 total - Tax Payment
Common Stock
2025-02-04$0.65/sh−4,558$2,963→ 225,285 total
Footnotes (4)
- [F1]As part of a previously disclosed company-wide cost reduction plan, Ms. Esterman 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, 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. The Adjustment was terminated on February 1, 2025, upon written notice from Ms. Esterman. For the month ending January 31, 2025, Ms. Esterman received 15,376 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 15,376 shares granted to Ms. Esterman, reported above, 4,558 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 10,818 shares.
- [F4]Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date.
Documents
Issuer
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
CIK 0001462418
Entity typeother
Related Parties
1- filerCIK 0001544019
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 4:19 PM ET
- Size
- 7.8 KB