Form 4: Altisource Portfolio Solutions CEO William Shepro Reports Share Transactions

William Shepro, Chairman and CEO of Altisource Portfolio Solutions S.A., reports the vesting of restricted share units (RSUs), subsequent share transfers, and tax withholdings related to these transactions.

Summary

• On March 1, 2024, William Shepro, Chairman and CEO of Altisource Portfolio Solutions S.A., vested 21,553 shares of ASPS common stock from previously granted time-based restricted share units (RSUs) under the company's 2009 Equity Incentive Plan and 2021 Annual Incentive Plan.
• An additional 13,658 shares of ASPS common stock were received upon the vesting of previously granted time-based RSUs under the company's 2009 Equity Incentive Plan and 2022 Long-Term Equity Incentive Plan.
• 16,613 shares were foregone to cover tax withholdings, resulting in a net issuance of 18,598 shares to Mr. Shepro.
• Mr. Shepro transferred 18,598 shares of ASPS common stock to the William B. Shepro Revocable Trust as a gift.
• Following these transactions, Mr. Shepro directly owns 18,598 shares and indirectly owns 714,215 shares through the William B. Shepro Revocable Trust.
• 13,659 RSUs are scheduled to vest on March 1, 2025.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine transactions related to executive compensation. There are no indications of significant positive or negative events.

Positives

• The vesting of RSUs indicates that Mr. Shepro is meeting the requirements of his equity incentive plans.

Future Outlook

The remaining 13,659 RSUs are scheduled to vest on March 1, 2025.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders and provide transparency into their transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting of RSUs is a common form of executive compensation, aligning executive interests with shareholder value.

Related Party Transactions

• Mr. Shepro's transfer of shares to the William B. Shepro Revocable Trust is a related party transaction.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily involve internal transfers and vesting of previously granted compensation.

Key Dates