Form 4: Rithm Capital CEO Michael Nierenberg Reports Changes in Beneficial Ownership

Michael Nierenberg, CEO of Rithm Capital Corp., reports changes in his beneficial ownership of company stock due to tax withholding upon settlement of restricted stock awards.

Summary

• Michael Nierenberg, the CEO of Rithm Capital Corp., filed a Form 4 with the SEC on June 24, 2024.
• The filing reports changes in his beneficial ownership of Rithm Capital's common stock.
• On June 20, 2024, 106,546 shares were withheld by the issuer to satisfy tax obligations related to the settlement of restricted stock awards at a price of $11.15 per share.
• Following the transaction, Nierenberg directly owns 1,159,571 shares of common stock, which includes 347,509 unvested restricted stock units and 192,678 unvested shares of restricted stock.
• He also indirectly owns shares through various trusts for his children and a GRAT, totaling 834,083 shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions for tax purposes; it doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The tax withholding impacts the executive's net shareholding.

Key Dates