Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Accepted 2024-04-11 00:00:00 ET · period of report 2024-04-09 · accession 0001664272-24-000231 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2024-04-11 | 2024-04-09 | ASPS | Shepro William B | COB, CEO, Dir | A - Grant | $1.94 | +36.7K | 823.7K | +5% | +$71.3K |
| I | 2024-04-11 | 2024-04-09 | ASPS | Shepro William B | COB, CEO, Dir | F - Tax | $1.62 | -17.3K | 806.4K | -2% | -$28.1K |
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 | 2024-04-09 | A | A | 36,741 | $1.94 | 823,743 | I William B. Shepro Revocable Trust | — | — | (F1) As part of a previously disclosed company-wide cost reduction plan, Mr. Shepro has volunteered to temporarily modify his compensation by offering the Company the option to replace up to 30% of his base compensation with a grant of unrestricted ASPS common stock (the "Adjustment"). At the end of each calendar quarter (each a "Period"), until either Mr. Shepro or the Company, upon written notice, reduces or terminates the Adjustment, the Company will determine the portion of the reduced amount to be paid in common stock and transfer the shares. For the Period ended March 31, 2024, Mr. Shepro received 36,741 shares, which vest immediately. (F2) Represents the cost per share for the temporary compensation replacement noted in Footnote 1. Given that it was a replacement for compensation, the net cost of the shares was $0. |
| 2 | Common | Common Stock | 2024-04-09 | F | D | 17,330 | $1.62 | 806,413 | I William B. Shepro Revocable Trust | — | — | (F3) Of the 36,741 shares granted to Mr. Shepro, reported above, 17,330 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 19,411 shares. The price per share used to determine the tax withholding was the opening price of ASPS common stock on the grant date. |