Form 4: Altisource CEO William Shepro Reports Share Transactions

William Shepro, Chairman and CEO of Altisource Portfolio Solutions S.A., reports the vesting of restricted share units, subsequent tax withholding, and a gift transfer of shares to a revocable trust.

Summary

• On March 20, 2025, William Shepro, Chairman and CEO of Altisource Portfolio Solutions S.A., received 42,976 shares of common stock upon the vesting of restricted share units (RSUs) under the company's 2023 Long Term Incentive Plan (LTIP) and 2023 Annual Incentive Plan (AIP).
• 20,282 shares were used to cover tax withholdings, resulting in a net issuance of 22,694 shares to Mr. Shepro.
• Mr. Shepro then transferred 22,694 shares to the William B. Shepro Revocable Trust as a gift.
• Following these transactions, Mr. Shepro directly owns 100,000 shares and the William B. Shepro Revocable Trust indirectly owns 1,028,976 shares.
• The reported transactions also include the vesting of the second tranche of Type I Time-based RSUs granted on March 20, 2023, and the final vesting of time-based RSUs granted on the same date pursuant to the Altisource 2023 AIP.
• 17,073 Type I Time-based RSUs are scheduled to vest on March 20, 2026.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Future Outlook

The remaining 17,073 Type I Time-based RSUs are scheduled to vest on the third anniversary of the grant date (i.e., March 20, 2026).

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company executives.

Comparison to Industry Standards

• Executive compensation packages often include restricted share units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
• Tax withholding practices related to RSU vesting are standard across publicly traded companies.
• Gifting of shares to trusts is a common estate planning strategy among high-net-worth individuals.

Stakeholder Impact

• The transactions reported in this filing may have a minor impact on shareholders due to the change in beneficial ownership.
• The vesting of RSUs is part of the executive compensation plan, which is of interest to shareholders.

Key Dates

Keywords

Altisource Portfolio Solutions S.A., William Shepro, ASPS, restricted share units, RSUs, Form 4, beneficial ownership, LTIP, AIP, share transactions