4/A: Rithm Capital CFO Nicola Santoro Jr. Amends SEC Filing to Correct Tax Withholding on Restricted Stock Units

Nicola Santoro Jr., CFO of Rithm Capital Corp., filed an amendment to a previous SEC Form 4 filing to correct the number of shares withheld for tax obligations when restricted stock units were settled on February 23, 2024.

Summary

• Nicola Santoro Jr., the Chief Financial Officer of Rithm Capital Corp., filed an amended Form 4 with the SEC.
• The amendment corrects the number of shares withheld to cover tax withholding obligations when 24,280 previously reported restricted stock units were settled on February 23, 2024.
• The corrected filing indicates that 12,395 shares of common stock were disposed of to cover these tax obligations at a price of $10.6 per share.
• Following the transaction, Santoro directly owns 110,446 shares of Rithm Capital Corp., which includes 48,561 unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document is a routine correction of an SEC filing, indicating standard corporate governance practices. It doesn't suggest any significant positive or negative implications for the company's financial health or future prospects.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the SEC filing ensures accurate information for shareholders regarding insider transactions.

Key Dates