Form 4: Altisource Portfolio Solutions CEO William Shepro Receives 100,000 Restricted Stock Units
SEC Form 4 Filing
William Shepro, Chairman and CEO of Altisource Portfolio Solutions, was granted 100,000 restricted stock units (RSUs) under the company's 2024 Annual Incentive Plan.
Summary
- On February 25, 2025, William Shepro, Chairman and CEO of Altisource Portfolio Solutions, received 100,000 restricted stock units (RSUs).
- These RSUs were granted under the Altisource 2024 Annual Incentive Plan (AIP).
- 80% of the RSUs will vest on February 25, 2026, and the remaining 20% will vest on February 25, 2027.
- Each RSU represents a contingent right to receive one share of Altisource Portfolio Solutions common stock.
- Mr. Shepro also indirectly owns 999,057 shares of common stock through the William B. Shepro Revocable Trust.
- Mr. Shepro voluntarily offered to forego 76.7% of his AIP ($329,303) to make fairness adjustments for certain critical employees without increasing the overall AIP pool.
Sentiment
Score: 7
Explanation: The document indicates standard executive compensation practices and a positive gesture from the CEO, suggesting a moderately positive sentiment.
Positives
- The grant of RSUs aligns the CEO's interests with those of the shareholders.
- Shepro's decision to forego a portion of his AIP to benefit other employees could improve employee morale.
Future Outlook
The RSUs will vest over the next two years, incentivizing the CEO to improve company performance.
Management Comments
- Mr. Shepro has voluntarily offered to forego 76.7% of his AIP ($329,303) to make fairness adjustments for certain critical employees without increasing the overall AIP pool.
Industry Context
Executive compensation packages often include stock-based awards to align management's interests with shareholder value. The vesting schedule is typical for such grants.
Comparison to Industry Standards
- RSU grants are a common component of executive compensation packages in publicly traded companies.
- Vesting schedules of 2-3 years are typical to incentivize long-term performance.
- Comparing the size of the grant to Altisource's market capitalization and Shepro's overall compensation would provide further context.
Stakeholder Impact
- Shareholders: The RSU grant aligns the CEO's interests with increasing shareholder value.
- Employees: Shepro's voluntary reduction in AIP to benefit other employees could improve morale.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transaction: Grant of 100,000 Restricted Stock Units |
| 02/26/2025 | Date of Form 4 filing |
| 02/25/2026 | Vesting date for 80% of the RSUs |
| 02/25/2027 | Vesting date for the remaining 20% of the RSUs |
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