Form 4 for RITM Rithm Capital Corp.
Accepted 2024-04-30 00:00:00 ET · period of report 2024-04-26 · accession 0001591719-24-000007 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-04-30 | 2024-04-26 | RITM | Nierenberg Michael | CEO, Dir | A - Grant | $0.00 | +7,580 | 1.27M | +0.6% | $0 |
| D | 2024-04-30 | 2024-04-26 | RITM | Nierenberg Michael | CEO, Dir | A - Grant | $0.00 | +6,160 | 282.4K | +2% | $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 | 2024-04-26 | A | A | 7,580 | $0.00 | 1,266,117 | D | — | — | (F1) Represents dividend equivalent rights accrued on existing time-based restricted stock units, the grant of which was previously reported, in connection with the issuer's quarterly dividend. Such dividend equivalent units will vest on the same schedule and subject to the same terms and conditions as the underlying awards. (F2) Includes 347,509 unvested restricted stock units and 385,356 unvested shares of restricted stock. |
| 2 | Derivative | Class B Profits Units of Rithm Capital Management LLC | 2024-04-26 | A | A | 6,160 | $0.00 | 282,403 | D | — · — to — | 6,160 Common Stock | (F4) Represents dividend equivalent rights accrued on existing Class B Profits Units, the grant of which was previously reported, in connection with the issuer's quarterly dividend. Such dividend equivalent Class B Profits Units will vest on the same schedule and are subject to the same terms and conditions as the underlying awards. (F3) Class B Profits Units of Rithm Capital Management LLC ("RCM") will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis pursuant to the terms and conditions set forth in the Rithm Capital Management LLC Long Term Incentive Plan and the individual award agreement. (F5) Reflects a profits interest award in the form of Class B Profits Units in RCM granted to the Reporting Person on March 15, 2024, which will vest in three equal annual installments on March 15 of each of 2025, 2026 and 2027, so long as the Reporting Person remains in continued employment with the Issuer. These Class B Profits Units will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis after they have become vested and a sufficient amount of profits have been allocated to the holder of the Class B Profits Units. |