Form 4: Rithm Capital Director Peggy Hebard Receives 14,376 Shares as Compensation

Rithm Capital Corp. director Peggy Hwan Hebard was granted 14,376 shares of common stock as compensation for services, increasing her direct beneficial ownership to 79,500 shares.

Summary

• Peggy Hwan Hebard, a Director of Rithm Capital Corp. (RITM), acquired 14,376 shares of common stock on May 23, 2025.
• The shares were issued as compensation for services provided to the Issuer, in accordance with the company's Omnibus Incentive Plan and a resolution by the Board of Directors.
• The transaction price for these shares was $0, indicating a grant rather than a purchase.
• The closing stock price on the transaction date, May 23, 2025, was $11.13 per share.
• Following this transaction, Ms. Hebard's direct beneficial ownership of Rithm Capital Corp. common stock increased to 79,500 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While there's minor dilution from the share grant, it represents standard director compensation aligning interests, and does not indicate any negative operational or financial performance.

Positives

• The issuance of shares as compensation aligns the interests of the director with those of the shareholders, as the director's wealth is tied to the company's stock performance.
• The transaction is part of a pre-existing Omnibus Incentive Plan, indicating a structured approach to executive and director compensation.

Negatives

• The issuance of new shares, even for compensation, results in a minor dilution for existing shareholders, though the amount is relatively small in this instance.

Future Outlook

NA

Industry Context

This transaction is a routine insider compensation event, common across various industries where public companies use equity grants to compensate directors and executives, aligning their interests with long-term shareholder value. It does not provide specific insights into broader industry trends for the financial services or real estate sectors in which Rithm Capital operates.

Corporate Governance

Related Party Transactions

• The grant of shares to a director as compensation for services is a related party transaction, executed under the company's established Omnibus Incentive Plan.

Stakeholder Impact

• Shareholders: Experience minor dilution due to the issuance of new shares, but benefit from increased alignment of director interests with company performance.
• Director (Peggy Hwan Hebard): Receives equity compensation for services, increasing her stake in the company.

Key Dates

Keywords

Rithm Capital Corp., RITM, Peggy Hwan Hebard, Director Compensation, Stock Grant, Insider Transaction, Form 4, Equity Compensation, Omnibus Incentive Plan