Philip M. Sivin - 26 Apr 2024 Form 4 Insider Report for Rithm Capital Corp. (RITM)

Reporting relationship: Chief Legal Officer
Issuer ticker: RITM
Reported as of: 26 Apr 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 30 Apr 2024, 16:35:56 UTC
Prior SEC filing: 21 Mar 2024
Next SEC filing: 06 Aug 2026
Source filing: View source filing
Reporting owner signature: /s/ Philip Sivin, as Attorney-in-Fact

Key filing fact

Philip M. Sivin filed Form 4 for Rithm Capital Corp. (RITM) on 30 Apr 2024.

Key facts

This page summarizes Philip M. Sivin's Form 4 filing for Rithm Capital Corp. (RITM).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 30 Apr 2024, 16:35.

Change

Previous filing in this sequence was filed on 21 Mar 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RITM transaction

Common Stock

Award

Transaction value: $0
Shares: +216
Change %: +1.3%
Price: $0.000000
Shares after: 16,431
Date: 26 Apr 2024
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RITM transaction Derivative

Class B Profits Units of Rithm Capital Management LLC

Award

Transaction value: $0
Shares: +325
Change %: +2.2%
Price: $0.000000
Shares after: 14,927
Date: 26 Apr 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 325
Exercise price
Footnotes: F3, F4, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Philip M. Sivin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 6 footnotes

Footnote F1

Represents dividend equivalent rights accrued on existing time-based restricted stock units, the grant of which was previously reported, in connection with the issuer's quarterly dividend. Such dividend equivalent units will vest on the same schedule and subject to the same terms and conditions as the underlying awards.

Footnote F2

Includes 9,927 unvested restricted stock units.

Footnote F3

Class B Profits Units of Rithm Capital Management LLC ("RCM") will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis pursuant to the terms and conditions set forth in the Rithm Capital Management LLC Long Term Incentive Plan and the individual award agreement.

Footnote F4

Represents dividend equivalent rights accrued on existing Class B Profits Units, the grant of which was previously reported, in connection with the issuer's quarterly dividend. Such dividend equivalent Class B Profits Units will vest on the same schedule and are subject to the same terms and conditions as the underlying awards.

Footnote F5

Reflects a profits interest award in the form of Class B Profits Units in RCM granted to the Reporting Person on February 23, 2024, which will vest in three equal annual installments on February 23 of each of 2025, 2026 and 2027, so long as the Reporting Person remains in continued employment with the Issuer. These Class B Profits Units will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis after they have become vested and a sufficient amount of profits have been allocated to the holder of the Class B Profits Units.

Footnote F6

The Reporting Person's Form 4 filing on February 26, 2024 inadvertently understated the number of Class B Profit Units granted to the Reporting Person by 2,920 Class B Profit Units. The total amount reported in Column 9 corrects the balance of the Reporting Person's account.