Form 4: Altisource Portfolio Solutions CEO William Shepro Reports Stock Transactions
SEC Form 4 Filing
William Shepro, Chairman and CEO of Altisource Portfolio Solutions S.A., reports the vesting of restricted stock units, subsequent share transactions, and a gift transfer to a revocable trust.
Summary
- On March 1, 2025, William Shepro, the Chairman and CEO of Altisource Portfolio Solutions S.A., had 13,659 restricted stock units (RSUs) vest into common stock.
- From these vested RSUs, 6,434 shares were used to cover tax withholdings at a price of $0.7 per share.
- Mr. Shepro received a net issuance of 7,225 shares.
- Also on March 1, 2025, Mr. Shepro transferred 7,225 shares of ASPS common stock as a gift to the William B. Shepro Revocable Trust.
- Following these transactions, Mr. Shepro directly owns 7,225 shares and indirectly owns 1,006,282 shares through the William B. Shepro Revocable Trust.
- He also holds 100,000 unvested RSUs.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives holding company stock and equity-based compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of RSU vesting, share transactions, and gift transfer. |
| 03/04/2025 | Date of Form 4 filing. |
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