Form 4: Rithm Capital Corp. Director Hebard Receives Stock Compensation

Director Peggy Hwan Hebard acquired 14,520 shares of Rithm Capital Corp. as compensation for services, increasing her total holdings to 65,124 shares.

Summary

• On May 24, 2024, Peggy Hwan Hebard, a director of Rithm Capital Corp., acquired 14,520 shares of common stock as compensation for services.
• The shares were issued under the Issuer's Omnibus Incentive Plan, as determined by the Board of Directors.
• The acquisition price was $0, with the applicable closing stock price on May 24, 2024, being $11.02.
• Following the transaction, Hebard's total beneficial ownership of Rithm Capital Corp. common stock increased to 65,124 shares.

Sentiment

Score: 7

Explanation: The document reflects a standard practice of director compensation, indicating a healthy corporate governance structure. The sentiment is neutral to positive.

Positives

• The acquisition of shares by a director demonstrates alignment with the company's success.
• The compensation structure incentivizes directors to contribute to the company's growth.
• The Omnibus Incentive Plan is being actively used to reward directors.

Industry Context

Director compensation in the form of stock is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation for directors is a standard practice among publicly traded companies, including peers of Rithm Capital Corp. in the financial sector.
• Companies like Blackstone and Apollo Global Management also utilize similar incentive plans to reward their directors and key employees.
• The amount of stock granted as compensation is generally benchmarked against industry averages and the director's level of responsibility and contribution.

Stakeholder Impact

• Shareholders may view the stock compensation positively as it aligns director interests with company performance.
• Employees may see this as a standard practice for incentivizing leadership.

Key Dates