Form 4: Onity Group Inc. Executive Scott Anderson Reports Grant of Restricted Stock Units

EVP & Chief Servicing Officer Scott Anderson reports the grant of restricted stock units in Onity Group Inc.

Summary

• On March 15, 2025, Scott Anderson, EVP & Chief Servicing Officer of Onity Group Inc., was granted 8,936 restricted stock units.
• These units vest in three equal annual installments, contingent upon continued employment and other conditions.
• Each unit represents the right to receive a cash payment equal to the closing price of one share of ONIT common stock on the vesting date.
• Additionally, Anderson received 8,937 performance-based restricted stock units.
• The vesting of these performance-based units, which can range from 0% to 200% of the target, will be determined on March 15, 2028, based on Onity's total shareholder return compared to its peer group.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a stable and ongoing operation. The performance-based component suggests a focus on growth and shareholder value.

Positives

• The grant of restricted stock units aligns executive compensation with company performance and shareholder value.
• The performance-based vesting schedule incentivizes executives to improve Onity's total shareholder return compared to its peer group.

Risks

• The vesting of the restricted stock units is contingent upon continued employment, creating a potential risk if the executive leaves the company.
• The performance-based units are subject to market conditions and the performance of Onity's peer group, which could impact the ultimate vesting amount.

Future Outlook

The document outlines future vesting dates for the granted restricted stock units, dependent on continued employment and company performance.

Industry Context

The granting of restricted stock units is a common practice in executive compensation, aligning management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units positively, as it aligns executive compensation with company performance.
• Employees may be motivated by the potential for executive leadership to drive company growth and success.

Key Dates

Keywords

Restricted Stock Units, ONIT, Onity Group Inc., Executive Compensation, Scott Anderson, Form 4, Shareholder Return