J. Andrew Peach - 15 Mar 2025 Form 4 Insider Report for ONITY GROUP INC. (ONIT)

Signature
/s/ Leah E. Hutton, Attorney-in-Fact for J. Andrew Peach
Issuer symbol
ONIT
Transactions as of
15 Mar 2025
Net transactions value
$0
Form type
4
Filing time
18 Mar 2025, 16:15:38 UTC
Previous filing
05 Apr 2024
Next filing
01 Apr 2025

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 Award $0 +3,574 $0.000000 3,574 15 Mar 2025 Common Stock 3,574 Direct F1, F2
transaction ONIT Restricted Stock Units Award $0 +3,575 $0.000000 3,575 15 Mar 2025 Common Stock 3,575 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 15, 2025, the reporting person was granted 3,574 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to the reporting person's continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of ONIT common stock on the applicable vesting date.
F2 Not applicable
F3 On March 15, 2025, the reporting person was granted 3,575 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of ONIT common stock on the applicable vesting date. Between 0% and 200% of the target number of units will be eligible to vest on March 15, 2028 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 designated measurement periods.