Form 4: Altisource CFO Michelle Esterman Reports Stock Transactions Following RSU Vesting

Michelle Esterman, CFO of Altisource Portfolio Solutions S.A., reports the acquisition and disposal of common stock related to the vesting of restricted share units (RSUs).

Summary

• On March 1, 2024, Michelle Esterman, the Chief Financial Officer of Altisource Portfolio Solutions S.A., reported transactions involving the company's common stock.
• These transactions were related to the vesting of previously granted time-based restricted share units (RSUs) under the company's equity incentive plans.
• Ms. Esterman acquired 4,887 shares and 3,333 shares of common stock upon the vesting of RSUs granted under the 2009 and 2021/2022 incentive plans.
• She also disposed of 2,436 shares to cover tax withholding obligations at a price of $2.78 per share.
• Following these transactions, Ms. Esterman directly owns 106,629 shares of Altisource common stock and 3,334 RSUs scheduled to vest on March 1, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The remaining 3,334 RSUs are scheduled to vest on March 1, 2025.

Industry Context

This filing is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a key executive, providing transparency into insider activity.
• The transactions have a minor impact on the overall shareholding structure of the company.

Key Dates