Esterman Michelle D. 4
4 · ALTISOURCE PORTFOLIO SOLUTIONS S.A. · Filed Mar 24, 2025
Insider Transaction Report
Form 4
Esterman Michelle D.
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Share Units
2025-03-20−4,166→ 4,167 total→ Common Stock (4,166 underlying) - Exercise/Conversion
Restricted Share Units
2025-03-20−5,799→ 0 total→ Common Stock (5,799 underlying) - Exercise/Conversion
Common Stock
2025-03-20+9,965→ 454,706 total - Tax Payment
Common Stock
2025-03-20$0.89/sh−2,954$2,629→ 451,752 total
Footnotes (7)
- [F1]Ms. Esterman received 9,965 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 ("LTIP") and 2023 Annual Incentive Plan ("AIP").
- [F2]Of the RSUs vesting into shares reported above, 2,954 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 7,011 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 Ms. Esterman on March 20, 2023, pursuant to the Altisource 2023 LTIP.
- [F6]The remaining 4167 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 Ms. Esterman on March 20, 2023 pursuant to the Altisource 2023 AIP.