4//SEC Filing
Esterman Michelle D. 4
Accession 0001664272-25-000134
CIK 0001462418other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 4:03 PM ET
Size
16.6 KB
Accession
0001664272-25-000134
Insider Transaction Report
Form 4
Esterman Michelle D.
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2025-02-20+45,711→ 270,996 total - Award
Restricted Share Units
2025-02-19+896,103→ 896,103 total→ Common Stock (896,103 underlying) - Exercise/Conversion
Restricted Share Units
2025-02-20−45,711→ 11,428 total→ Common Stock (45,711 underlying) - Exercise/Conversion
Restricted Share Units
2025-02-20−6,357→ 12,715 total→ Common Stock (6,357 underlying) - Exercise/Conversion
Common Stock
2025-02-20+6,357→ 277,353 total - Tax Payment
Common Stock
2025-02-20$0.81/sh−15,437$12,504→ 261,916 total
Footnotes (5)
- [F1]Each restricted share unit ("RSU") represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. (the "Company") common stock.
- [F2]Ms. Esterman received a grant of 896,103 RSUs. The RSUs were granted to Ms. Esterman on February 13, 2025 pursuant to the Altisource 2009 Equity Incentive Plan, with vesting of the RSUs contingent upon the consummation of the transactions (the "Transactions") contemplated by that certain Transaction Support Agreement, dated as of December 16, 2024 (the "Transaction Support Agreement"). Due to the contingent nature of the closing of the Transactions, the grant of the RSUs was not reportable until the closing date of the Transactions which occurred on February 19, 2025. The RSUs will vest in three equal installments, with one-third vesting on each of the first three anniversaries of the Transaction Effective Date (as such term is defined in the Transaction Support Agreement) (i.e., February 19, 2026, February 19, 2027 and February 19, 2028), subject to Ms. Esterman's continuous service to the Company on and through each applicable vesting date, inclusive.
- [F3]Ms. Esterman received 45,711 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2023 Annual Incentive Plan. Pursuant to the Award Agreement, 80% of the RSUs vested on February 20, 2025; the remaining 20% (11,428) are scheduled to vest on February 20, 2026.
- [F4]Ms. Esterman received 6,357 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2024 Long-Term Equity Incentive Plan. The remaining 12,715 RSUs are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., February 20, 2026 and February 20, 2027).
- [F5]Of the 52,068 RSUs vesting into shares reported above 15,437 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 36,631 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholding was the opening price of ASPS common stock on February 20, 2025.
Documents
Issuer
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
CIK 0001462418
Entity typeother
Related Parties
1- filerCIK 0001544019
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 4:03 PM ET
- Size
- 16.6 KB