Gregory J. Ritts - Mar 20, 2023 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Role: Chief Legal/Compliance Officer
Signature: /s/ Teresa L. Szupello, Attorney-in-Fact
Stock symbol: ASPS
Transactions as of: Mar 20, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/22/2023, 08:13 PM
Previous filing: Mar 13, 2023
Next filing: Oct 3, 2023

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	ASPS	Restricted Share Units	Award	$0	+24.4K		$0.00	24.4K	Mar 20, 2023	Common Stock	24.4K	$0.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted share unit ("RSU") represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. ("ASPS") common stock.
F2	Mr. Ritts received a grant of 24,358 RSUs based on the 30-day average closing share price of ASPS common stock of $5.55 preceding the March 20, 2023 grant date. The RSUs were granted to Mr. Ritts as annual incentive compensation for the 2022 service year ("2022 Annual Incentive Compensation") based upon the Board approved bonus pool funding level and his personal scorecard performance. Altisource determined to pay 100% of the 2022 Annual Incentive Compensation in RSUs; 60% of the RSUs will cliff vest on the first anniversary of the grant date, the remaining 40% of the RSUs will vest in two equal installments on the first and second anniversaries of the March 20, 2023 grant date (i.e., March 20, 2024 and March 20, 2025).

Content

Each restricted share unit ("RSU") represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. ("ASPS") common stock.

Mr. Ritts received a grant of 24,358 RSUs based on the 30-day average closing share price of ASPS common stock of $5.55 preceding the March 20, 2023 grant date. The RSUs were granted to Mr. Ritts as annual incentive compensation for the 2022 service year ("2022 Annual Incentive Compensation") based upon the Board approved bonus pool funding level and his personal scorecard performance. Altisource determined to pay 100% of the 2022 Annual Incentive Compensation in RSUs; 60% of the RSUs will cliff vest on the first anniversary of the grant date, the remaining 40% of the RSUs will vest in two equal installments on the first and second anniversaries of the March 20, 2023 grant date (i.e., March 20, 2024 and March 20, 2025).