Le Melle Patrice M 4
Research Summary
AI-generated summary
Rithm Capital (RITM) Director Patrice Le Melle Receives 16,199 Shares
What Happened
Patrice M. Le Melle, a director of Rithm Capital Corp. (RITM), received a grant of 16,199 shares on May 26, 2026. The shares were issued as compensation (transaction code A) at an acquisition price of $0.00. Using the applicable closing price of $9.26 on May 22, 2026, the award is roughly valued at $150,003.
Key Details
- Transaction date: May 26, 2026; Form 4 filed May 27, 2026 (timely filing).
- Transaction type/code: Award/Grant (A); acquisition price reported as $0.00.
- Shares granted: 16,199. Estimated value: ~ $150,003 (based on $9.26 closing price on 2026-05-22).
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: Shares issued under the Issuer's Omnibus Incentive Plan and additional Board resolutions (per F1).
- No 10b5‑1 plan, tax‑withholding sale, or option exercise reported in this filing.
Context
This was an equity compensation grant to a director rather than an open‑market purchase or sale. Such grants are common for board compensation and do not necessarily indicate the director is buying (bullish) or selling (bearish) the stock. The filing appears timely (filed the next day), and the $0.00 acquisition price simply reflects that these shares were issued as compensation under the company’s incentive plan.