Form 4: Onity Group Inc. Executive Settles Restricted Stock Units for Cash
SEC Form 4 Filing
Francois Grunenwald, Chief Accounting Officer of Onity Group Inc., settled restricted stock units for cash on March 29 and 31, 2025, according to a Form 4 filing.
Summary
- Francois Grunenwald, Chief Accounting Officer of Onity Group Inc., reported the settlement of restricted stock units (RSUs) for cash in a Form 4 filing.
- On March 29, 2025, 1,285 RSUs vested and were settled in cash.
- On March 31, 2025, 1,182 RSUs vested and were settled in cash.
- Also on March 31, 2025, 3,342 performance-based RSUs vested and were settled in cash.
- The settlement prices were based on the closing price of ONIT common stock on the respective vesting dates, with prices of $31.45 on March 28, 2025, and $32.32 on March 31, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock-based compensation, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The settlement of RSUs impacts the reporting person's personal holdings and compensation.
- The transactions have a minor impact on the company's cash flow.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Reporting person was granted 3,544 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to continued employment and certain other conditions. |
| 03/29/2024 | Reporting person was granted 3,855 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to continued employment and certain other conditions. |
| 03/28/2025 | Last trading day prior to the vesting date of March 29, 2025; closing price of ONIT common stock was $31.45. |
| 03/29/2025 | 1,285 restricted stock units vested and were settled in cash. |
| 03/31/2025 | 1,182 and 3,342 restricted stock units vested and were settled in cash; closing price of ONIT common stock was $32.32. |
| 04/01/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Restricted Stock Units, RSU, Onity Group Inc., Francois Grunenwald, Settlement, Vesting, Insider Trading
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