Dennis Zeleny - Jul 31, 2024 Form 4 Insider Report for ONITY GROUP INC. (ONIT)

Role
EVP & Chief Admin Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Dennis Zeleny
Stock symbol
ONIT
Transactions as of
Jul 31, 2024
Transactions value $
-$55,011
Form type
4
Date filed
8/2/2024, 04:30 PM
Previous filing
Apr 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONIT Common Stock Options Exercise +4.78K +35.05% 18.4K Jul 31, 2024 Direct F1
transaction ONIT Common Stock Tax liability -$55K -1.88K -10.21% $29.23* 16.5K Jul 31, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ONIT Restricted Stock Units Options Exercise $0 -4.78K -100% $0.00* 0 Jul 31, 2024 Common Stock 4.78K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 31, 2023, the reporting person was granted 9,566 restricted stock units subject to both a time-based and performance-based vesting condition. Each restricted stock unit represents a contingent right to receive one share of OCN common stock on the vesting date. On July 31, 2024, the award vested at 50% of target based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at the designated measurement date.
F2 Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F3 Not applicable.