Jenna D. Evans - 29 Mar 2025 Form 4 Insider Report for ONITY GROUP INC. (ONIT)

Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Jenna Evans
Issuer symbol
ONIT
Transactions as of
29 Mar 2025
Net transactions value
-$19,625
Form type
4
Filing time
01 Apr 2025, 18:25:35 UTC
Previous filing
18 Mar 2025
Next filing
07 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONIT Common Stock Options Exercise +1,435 +67% 3,574 29 Mar 2025 Direct F1
transaction ONIT Common Stock Tax liability $19,625 -624 -17% $31.45 2,950 29 Mar 2025 Direct F2
transaction ONIT Common Stock Options Exercise +647 +22% 3,597 31 Mar 2025 Direct F3
transaction ONIT Common Stock Disposed to Issuer -647 -18% 2,950 31 Mar 2025 Direct F3
transaction ONIT Common Stock Options Exercise +1,830 +62% 4,780 31 Mar 2025 Direct F4
transaction ONIT Common Stock Disposed to Issuer -1,830 -38% 2,950 31 Mar 2025 Direct F4

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 -1,435 -33% $0.000000 2,870 29 Mar 2025 Common Stock 1,435 Direct F1, F5
transaction ONIT Restricted Stock Units Options Exercise $0 -647 -100% $0.000000 0 31 Mar 2025 Common Stock 647 Direct F3, F5
transaction ONIT Restricted Stock Units Options Exercise $0 -1,830 -100% $0.000000 0 31 Mar 2025 Common Stock 1,830 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 29, 2024, the reporting person was granted 4,305 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive one share of common stock on the vesting date.
F2 Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F3 On March 31, 2022, the reporting person was granted 1,940 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to 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. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 647 restricted stock units that vested pursuant to the award on March 31, 2025. On March 31, 2025, the closing price of ONIT common stock was $32.32.
F4 On March 31, 2022, the reporting person was granted 1,940 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Between 0% and 200% of the target number of units were eligible to vest on March 31, 2025 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. 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. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 1,830 restricted stock units that vested pursuant to the award on March 31, 2025. On March 31, 2025, the closing price of ONIT common stock was $32.32.
F5 Not applicable