Rajive Chadha - 26 Jan 2022 Form 4 Insider Report for OneMain Holdings, Inc. (OMF)

Signature
/s/ Jack R. Erkilla attorney-in-fact for Rajive Chadha
Issuer symbol
OMF
Transactions as of
26 Jan 2022
Net transactions value
-$554,093
Form type
4
Filing time
28 Jan 2022, 17:17:37 UTC
Previous filing
09 Sep 2021
Next filing
22 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OMF Common Stock, par value $0.01 per share Award $0 +13,440 +19% $0.000000 85,707 26 Jan 2022 Direct F1
transaction OMF Common Stock, par value $0.01 per share Award $0 +24,318 +28% $0.000000 110,025 27 Jan 2022 Direct F2
transaction OMF Common Stock, par value $0.01 per share Tax liability $554,093 -10,670 -9.7% $51.93 99,355 27 Jan 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of employee restricted stock units (RSUs) granted under the OneMain Holdings, Inc. Amended 2013 Omnibus Incentive Plan. The RSUs vest in three installments as follows: one-third of the RSUs vest on each of February 18, 2022, February 17, 2023, and February 20, 2024, subject to the reporting person's continued employment through the specified vesting date. The reporting person will receive one share of common stock for each vested restricted stock unit.
F2 Reflects shares of Issuer common stock acquired upon the vesting of performance-based restricted stock units granted on July 26, 2019 pursuant to the Issuer's annual equity grant determination for 2019. Payout of the grant was subject to the Issuer's achievement of cumulative 2019-2021 performance objectives. These performance-based restricted stock units were deemed earned and vested on January 27, 2022, when the Compensation Committee confirmed that the performance objectives were achieved.