Form 4: Altisource Portfolio Solutions CEO William Shepro Reports Changes in Beneficial Ownership

William Shepro, Chairman and CEO of Altisource Portfolio Solutions, reports transactions involving restricted share units and common stock, including vesting, tax withholding, and a gift transfer to a revocable trust.

Summary

• On March 9, 2024, William Shepro, Chairman and CEO of Altisource Portfolio Solutions, engaged in transactions involving Altisource common stock.
• He received 8,761 shares of ASPS common stock upon the vesting of previously granted restricted share units (RSUs) under the Altisource 2021 Long Term Incentive Plan (LTIP).
• 4,128 of these shares were used to cover tax withholdings, resulting in a net issuance of 4,633 shares to Mr. Shepro.
• Mr. Shepro then transferred 4,633 shares of ASPS common stock, acquired from the vesting of performanceand market-based RSUs, as a gift to the William B. Shepro Revocable Trust.
• These transactions involved the final vesting of both Type I Performance-based RSUs and Type II Performanceand Market-based RSUs granted on March 9, 2021.
• Teresa L. Szupello, Attorney-in-Fact, signed the report on March 12, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure, but the overall effect is likely minimal.

Key Dates