Form 4: Rithm Capital CFO Nicola Santoro Jr. Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Nicola Santoro Jr., CFO of Rithm Capital Corp., disposed of shares to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- On February 21, 2025, Nicola Santoro Jr., the Chief Financial Officer of Rithm Capital Corp., disposed of 10,109 shares of common stock to cover tax withholding obligations.
- The shares were sold at a price of $11.89 per share.
- Following the transaction, Santoro directly owns 105,097 shares of Rithm Capital Corp., which includes 26,532 unvested restricted stock units.
- An adjustment of 257 shares was made to the total number of shares previously reported after a reconciliation of ownership records.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction related to tax obligations, which is neither particularly positive nor negative. The adjustment of shares suggests attention to detail in reporting.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of the transaction where shares were disposed of to cover tax withholding obligations. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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