4//SEC Filing
RITTS GREGORY J. 4
Accession 0001664272-25-000237
CIK 0001462418other
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 6:33 PM ET
Size
12.1 KB
Accession
0001664272-25-000237
Insider Transaction Report
Form 4
RITTS GREGORY J.
General Counsel
Transactions
- Exercise/Conversion
Common Stock
2025-03-20+9,037→ 256,288 total - Exercise/Conversion
Restricted Share Units
2025-03-20−4,871→ 0 total→ Common Stock (4,871 underlying) - Tax Payment
Common Stock
2025-03-20$0.89/sh−4,247$3,780→ 252,041 total - Exercise/Conversion
Restricted Share Units
2025-03-20−4,166→ 4,167 total→ Common Stock (4,166 underlying)
Footnotes (7)
- [F1]Mr. Ritts received 9,037 shares of Altisource Portfolio Solutions S.A. (the "Company" or "ASPS") common stock upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to awards under the Company's 2023 Long Term Incentive Plan (the "LTIP") and 2023 Annual Incentive Plan ("AIP").
- [F2]Of the RSUs vesting into shares reported above, 4,247 shares were forgone to pay for the tax withholding with a net issuance to Mr. Ritts of 4,790 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on March 20, 2025.
- [F3]Includes previously granted RSUs.
- [F4]Each RSU represents a contingent right to receive one share of ASPS common stock.
- [F5]Represents the vesting of the second tranche of Type I Time-based RSUs granted to Mr. Ritts on March 20, 2023, pursuant to the Altisource 2023 LTIP.
- [F6]The remaining 4,167 Type I Time-based RSUs are scheduled to vest on the third anniversary of the grant date (i.e., March 20, 2026).
- [F7]Represents the final vesting of time-based RSUs granted to Mr. Ritts on March 20, 2023, pursuant to the Altisource 2023 AIP.
Documents
Issuer
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
CIK 0001462418
Entity typeother
Related Parties
1- filerCIK 0001621907
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 6:33 PM ET
- Size
- 12.1 KB