Form 4: Onity Group EVP Joseph Samarias Reports Stock Transactions
SEC Form 4
EVP & Chief Legal Officer of Onity Group, Joseph Samarias, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Joseph Samarias, EVP & Chief Legal Officer of Onity Group Inc., reported transactions involving common stock and restricted stock units on April 3, 2025.
- 1,753 restricted stock units vested, resulting in the acquisition of 1,753 shares of common stock.
- 690 shares were withheld to cover tax obligations at a price of $29.83 per share.
- Following these transactions, Samarias directly owns 21,763 shares of common stock and 1,753 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
This is a standard Form 4 filing, reflecting insider transactions related to equity compensation. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of the restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 04/03/2023 | Date of grant of 5,259 restricted stock units, vesting in three equal annual installments. |
| 04/03/2025 | Vesting of 1,753 restricted stock units and tax withholding of 690 shares. |
| 04/07/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, ONIT, Onity Group Inc., Joseph Samarias, Restricted Stock Units, Common Stock, Vesting, Tax Withholding, EVP, Chief Legal Officer
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