Form 4: Onity Group EVP Joseph Samarias Reports Stock Transactions
SEC Form 4
EVP & Chief Legal Officer of Onity Group, Joseph Samarias, reports acquisition and disposal of common stock and restricted stock units.
Summary
- Joseph Samarias, EVP & Chief Legal Officer of Onity Group Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 29, 2025, Samarias acquired 1,913 shares of common stock through the vesting of restricted stock units and disposed of 753 shares to cover tax obligations at a price of $31.45.
- On March 31, 2025, Samarias acquired 1,838 shares of common stock through the vesting of restricted stock units and disposed of 723 shares to cover tax obligations at a price of $32.32.
- Also on March 31, 2025, 5,201 restricted stock units vested, resulting in the acquisition of 5,201 shares of common stock, with 2,047 shares disposed of for tax obligations at $32.32.
- Following these transactions, Samarias directly owns 20,700 shares of Onity Group Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to vesting and tax obligations.
Positives
- The vesting of restricted stock units indicates that performance or time-based conditions were met, suggesting positive contributions from the executive.
- The executive continues to hold a significant number of shares, aligning their interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
Key Dates
| Date | Description |
|---|---|
| 03/29/2025 | Acquisition of 1,913 common stock shares through restricted stock unit vesting and disposal of 753 shares for tax obligations. |
| 03/31/2022 | Grant date of 5,514 restricted stock units vesting in three equal annual installments. |
| 03/31/2022 | Grant date of 5,515 restricted stock units subject to performance and time-based vesting. |
| 03/31/2025 | Acquisition of 1,838 common stock shares through restricted stock unit vesting and disposal of 723 shares for tax obligations. |
| 03/31/2025 | Vesting of 5,201 restricted stock units and disposal of 2,047 shares for tax obligations. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Common Stock, ONIT, Onity Group Inc., Samarias Joseph J, Insider Trading
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