Form 4 for ONIT ONITY GROUP INC.
Accepted 2023-04-03 00:00:00 ET · period of report 2023-03-30 · accession 0001493152-23-010632 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-04-03 | 2023-03-30+ | ONIT | Messina Glen A. | Pres, CEO, Dir | F - Tax | $26.10 | -74.0K | 211.0K | -26% | -$1.93M |
| DM | 2023-04-03 | 2023-03-30+ | ONIT | Messina Glen A. | Pres, CEO, Dir | M - OptEx | — | +159.7K | 222.4K | +255% | — |
| DM | 2023-04-03 | 2023-03-30+ | ONIT | Messina Glen A. | Pres, CEO, Dir | M - OptEx | $0.00 | -159.7K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-30 | F | D | 11,585 | $25.92 | 138,772 | D | — | — | (F2) Includes 23,554 shares held jointly with spouse. |
| 2 | Common | Common Stock | 2023-03-30 | M | A | 110,168 | — | 248,940 | D | — | — | (F4) On March 30, 2020, the reporting person was granted a target of 75,000 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. On March 30, 2023, the award vested at 147% of target based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement periods. 110,168 restricted stock units vested pursuant to the award on March 30, 2023. (F2) Includes 23,554 shares held jointly with spouse. |
| 3 | Common | Common Stock | 2023-03-30 | F | D | 51,052 | $25.92 | 197,888 | D | — | — | (F2) Includes 23,554 shares held jointly with spouse. |
| 4 | Common | Common Stock | 2023-03-30 | M | A | 25,000 | — | 150,357 | D | — | — | (F1) On March 30, 2020, the reporting person was granted 75,000 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. (F2) Includes 23,554 shares held jointly with spouse. |
| 5 | Common | Common Stock | 2023-03-31 | M | A | 24,509 | — | 222,397 | D | — | — | (F5) On March 31, 2022, the reporting person was granted 73,529 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant, subject to the reporting person's continued employment and certain other conditions. (F2) Includes 23,554 shares held jointly with spouse. |
| 6 | Common | Common Stock | 2023-03-31 | F | D | 11,357 | $27.12 | 211,040 | D | — | — | (F2) Includes 23,554 shares held jointly with spouse. |
| 7 | Derivative | Restricted Stock Units | 2023-03-30 | M | D | 25,000 | $0.00 | 0 | D | — · — to — | 25,000 Common Stock | (F1) On March 30, 2020, the reporting person was granted 75,000 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. (F6) Not applicable. |
| 8 | Derivative | Restricted Stock Units | 2023-03-31 | M | D | 24,509 | $0.00 | 49,020 | D | — · — to — | 24,509 Common Stock | (F5) On March 31, 2022, the reporting person was granted 73,529 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant, subject to the reporting person's continued employment and certain other conditions. (F6) Not applicable. |
| 9 | Derivative | Restricted Stock Units | 2023-03-30 | M | D | 110,168 | $0.00 | 0 | D | — · — to — | 110,168 Common Stock | (F4) On March 30, 2020, the reporting person was granted a target of 75,000 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. On March 30, 2023, the award vested at 147% of target based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement periods. 110,168 restricted stock units vested pursuant to the award on March 30, 2023. (F6) Not applicable. |