Form 4: Altisource Portfolio Solutions S.A.: Chief Legal/Compliance Officer Gregory J. Ritts Awarded Restricted Stock Units

Gregory J. Ritts, Chief Legal/Compliance Officer of Altisource Portfolio Solutions S.A., was granted 157,330 restricted stock units (RSUs) on February 25, 2025, under the company's 2024 Annual Incentive Plan.

Summary

• On February 25, 2025, Gregory J. Ritts, the Chief Legal/Compliance Officer of Altisource Portfolio Solutions S.A., received an award of 157,330 time-based restricted stock units (RSUs).
• These RSUs were granted under the Altisource 2024 Annual Incentive Plan.
• Each RSU represents the contingent right to receive one share of Altisource's common stock.
• 80% of the RSUs will vest on February 25, 2026, which is the first anniversary of the grant date.
• The remaining 20% of the RSUs will vest on February 25, 2027, the second anniversary of the grant date.
• Following this transaction, Mr. Ritts beneficially owns 245,453 shares, including the 157,330 unvested RSUs.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The grant of RSUs aligns Mr. Ritts' interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.
• The vesting schedule encourages continued service and commitment from Mr. Ritts over the next two years.

Industry Context

Grants of restricted stock units are a common form of executive compensation used to align management's interests with those of shareholders and incentivize long-term performance.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive compensation with company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership team.

Key Dates