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

Michelle Esterman, CFO of Altisource Portfolio Solutions S.A., reports the vesting of restricted share units (RSUs) and subsequent stock transactions.

Summary

• On March 20, 2025, Michelle Esterman, CFO of Altisource Portfolio Solutions S.A., had 9,965 shares of common stock vest from previously granted time-based restricted share units (RSUs).
• These RSUs were granted under the company's 2023 Long Term Incentive Plan (LTIP) and 2023 Annual Incentive Plan (AIP).
• 2,954 shares were withheld to cover tax obligations, resulting in a net issuance of 7,011 shares to Ms. Esterman.
• The price per share used for tax withholding was $0.89, the opening price of ASPS common stock on March 20, 2025.
• Following these transactions, Ms. Esterman directly owns 451,752 shares of Altisource common stock.
• 4,166 Type I Time-based RSUs vested, with 4,167 remaining to vest on March 20, 2026.
• 5,799 time-based RSUs granted under the 2023 AIP also vested.

Sentiment

Score: 6

Explanation: This is a routine filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The vesting of RSUs indicates that Ms. Esterman is meeting the requirements of her compensation package.
• Ms. Esterman's continued holdings in Altisource stock align her interests with those of the shareholders.

Future Outlook

The remaining 4,167 Type I Time-based RSUs are scheduled to vest on March 20, 2026.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs is a common form of executive compensation.

Comparison to Industry Standards

• Executive compensation packages often include RSUs as a way to align executive interests with shareholder value.
• The vesting schedules and terms of the Altisource RSUs appear to be standard practice compared to similar companies.
• Companies like Black Knight and CoreLogic also utilize RSU grants as part of their executive compensation plans.

Stakeholder Impact

• The vesting of RSUs has a minor dilutive effect on existing shareholders.
• The transactions reflect the company's compensation practices for its executives.

Key Dates

Keywords

Altisource, Esterman, RSU, Shares, Vesting, CFO, ASPS, Stock