Glen A. Messina - Jul 31, 2024 Form 4 Insider Report for ONITY GROUP INC. (ONIT)

Role
President and CEO
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Glen A. Messina
Stock symbol
ONIT
Transactions as of
Jul 31, 2024
Transactions value $
-$194,350
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 +14.3K +5.1% 296K Jul 31, 2024 Direct F1, F2
transaction ONIT Common Stock Tax liability -$194K -6.65K -2.25% $29.23* 289K Jul 31, 2024 Direct F2, F3

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 -14.3K -100% $0.00* 0 Jul 31, 2024 Common Stock 14.3K Direct F1, F4
* 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 28,698 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 Includes 23,554 shares held jointly with spouse.
F3 Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F4 Not applicable.