Form 4: Rithm Capital CEO Michael Nierenberg Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michael Nierenberg, CEO of Rithm Capital Corp., reports changes in beneficial ownership of company stock due to tax withholding obligations.
Summary
- On February 21, 2025, Michael Nierenberg, the CEO of Rithm Capital Corp., had 90,304 common stock shares withheld to cover tax obligations when 185,731 restricted stock units settled.
- Following this transaction, Nierenberg directly owns 1,093,220 shares of common stock, which includes 185,731 unvested restricted stock units and 192,678 unvested shares of restricted stock.
- Nierenberg also indirectly owns shares through various trusts for his children, daughter, and son, as well as through a 2019 GRAT and custodian accounts.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding changes in beneficial ownership, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal stock management for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of transaction where shares were withheld for tax obligations and restricted stock units settled. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.