Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Accepted 2024-03-22 00:00:00 ET · period of report 2024-03-20 · accession 0001664272-24-000225 · 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 | 2024-03-22 | 2024-03-20 | ASPS | Esterman Michelle D. | CFO | F - Tax | $2.59 | -8,111 | 130.4K | -6% | -$21.0K |
| D | 2024-03-22 | 2024-03-20 | ASPS | Esterman Michelle D. | CFO | M - OptEx | $0.00 | +27.4K | 138.6K | +25% | $0 |
| DM | 2024-03-22 | 2024-03-20 | ASPS | Esterman Michelle D. | CFO | M - OptEx | $0.00 | -27.4K | 8,333 | -77% | $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 | 2024-03-20 | F | D | 8,111 | $2.59 | 130,450 | D | — | — | (F2) Of the 27,364 RSUs vesting into shares reported above 8,111 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 19,253 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, 2024. |
| 2 | Common | Common Stock | 2024-03-20 | M | A | 27,364 | $0.00 | 138,561 | D | — | — | (F1) 27,364 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to awards under the Altisource 2023 Annual Incentive Plan ("AIP") and the Altisource 2023 Long Term Incentive Plan ("LTIP"). |
| 3 | Derivative | Restricted Share Units | 2024-03-20 | M | D | 23,197 | $0.00 | 5,799 | D | $0.00 · — to — | 23,197 Common Stock | (F3) Represents the vesting of 80% of Time-based RSUs granted to Ms. Esterman on March 20, 2023, pursuant to the Altisource 2023 AIP. Each RSU represents a contingent right to receive one share of ASPS common stock. (F4) The remaining 20% of the Time-based RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 20, 2025). |
| 4 | Derivative | Restricted Share Units | 2024-03-20 | M | D | 4,167 | $0.00 | 8,333 | D | $0.00 · — to — | 4,167 Common Stock | (F5) Represents the vesting of the first tranche of Type I Time-based RSUs granted to Ms. Esterman on March 20, 2023, pursuant to the Altisource 2023 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock. (F6) The remaining 8,333 Type I Time-based RSUs are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., March 20, 2025 and March 20, 2026). |