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

Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Glen A. Messina
Issuer symbol
ONIT
Transactions as of
31 Jul 2024
Net transactions value
-$194,350
Form type
4
Filing time
02 Aug 2024, 16:30:25 UTC
Previous filing
05 Apr 2024
Next filing
18 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONIT Common Stock Options Exercise +14,349 +5.1% 295,827 31 Jul 2024 Direct F1, F2
transaction ONIT Common Stock Tax liability $194,350 -6,649 -2.2% $29.23* 289,178 31 Jul 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 -14,349 -100% $0.000000* 0 31 Jul 2024 Common Stock 14,349 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.