Form 4: Onity Group Inc. Executive Joseph J. Samarias Reports Stock Transactions
SEC Form 4 Filing
EVP & Chief Legal Officer Joseph J. Samarias reports the vesting and disposal of restricted stock units to cover tax obligations.
Summary
- Joseph J. Samarias, EVP & Chief Legal Officer of Onity Group Inc., reported transactions involving common stock and restricted stock units on July 31, 2024.
- He disposed of 2,614 shares of common stock upon the vesting of restricted stock units.
- Additionally, 1,029 shares were withheld to cover tax obligations at a price of $29.23 per share.
- Following these transactions, Samarias directly owns 15,271 shares of Onity Group Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 07/31/2023 | Reporting person was granted 5,229 restricted stock units subject to both a time-based and performance-based vesting condition. |
| 07/31/2024 | Transactions occurred: vesting of restricted stock units and shares withheld for tax obligations. |
| 08/02/2024 | Date of signature for the report. |
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