4/A: Rithm Capital Corp. Chief Legal Officer Amends SEC Filing to Correct Tax Withholding on Stock Units
SEC Filing (Form 4/A)
Philip M. Sivin, Chief Legal Officer of Rithm Capital Corp., filed an amendment to a previous SEC Form 4 to correct the number of shares withheld for tax obligations related to the settlement of restricted stock units.
Summary
- Philip M. Sivin, the Chief Legal Officer of Rithm Capital Corp., filed an amended Form 4 with the SEC on March 21, 2024.
- The amendment corrects the number of shares withheld to cover tax obligations when 4,855 previously reported restricted stock units were settled on February 23, 2024.
- The corrected filing indicates that 1,751 shares of common stock were disposed of to cover tax withholding at a price of $10.6 per share.
- Following the transaction, Sivin beneficially owns 16,215 shares, which includes 9,711 unvested restricted stock units.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of the transaction involving the settlement of restricted stock units and subsequent tax withholding. |
| 02/26/2024 | Date of original filing that was amended. |
| 03/21/2024 | Date of the amended filing. |
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