Evans Jenna D. 4
4 · ONITY GROUP INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Onity (ONIT) Chief Risk & Compliance Jenna Evans Receives RSU Payout
What Happened
- Jenna D. Evans, Chief Risk & Compliance Officer at Onity (ONIT), had 1,117 restricted stock units (RSUs) vest on March 15, 2026 and those units were cash‑settled. Using the last trading day closing price of $37.75 (March 13, 2026), the settlement value was $42,166.75.
- The Form 4 shows an exercise/conversion (code M) and a disposition to the issuer (code D) for the 1,117 units (cash settlement). On the same date (March 15, 2026) Evans was also granted 2,863 time‑based RSUs and 2,864 performance‑based RSUs (both reported as awards, code A).
Key Details
- Transaction date: March 15, 2026 (Form 4 filed March 17, 2026 — timely within the usual two‑business‑day window).
- Cash settlement: 1,117 RSUs × $37.75 = $42,166.75 received.
- New grants: 2,863 RSUs (time‑based; vest in three equal annual installments) and 2,864 RSUs (performance + time; target vests subject to 0–200% payout, measured through March 15, 2029).
- Shares owned after transaction: not specified in the excerpt provided.
- Footnotes: the settled units were from a March 15, 2025 grant (3,351 RSUs originally) that vested in annual installments; the new grants are subject to continued employment and performance/time vesting conditions.
Context
- These transactions are routine compensation events: the vested RSUs were cash‑settled (not an open‑market sale), and the new RSU awards are standard equity compensation that vest over time (and, for part of the award, based on performance vs. peers).
- Cash settlement means the company paid the officer the cash value of vested units rather than issuing shares; that is different from an insider buying or selling stock on the open market.
Insider Transaction Report
Form 4
ONITY GROUP INC.ONIT
Evans Jenna D.
Chief Risk & Compliance
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-15+1,117→ 4,645 total - Disposition to Issuer
Common Stock
[F1]2026-03-15−1,117→ 3,528 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-15−1,117→ 2,234 total→ Common Stock (1,117 underlying) - Award
Restricted Stock Units
[F3][F2]2026-03-15+2,863→ 2,863 total→ Common Stock (2,863 underlying) - Award
Restricted Stock Units
[F4][F2]2026-03-15+2,864→ 2,864 total→ Common Stock (2,864 underlying)
Footnotes (4)
- [F1]On March 15, 2025, the reporting person was granted 3,351 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. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 1,117 restricted stock units that vested pursuant to the award on March 15, 2026. On March 13, 2026, the last trading day prior to the vesting date, the closing price of ONIT common stock was $37.75.
- [F2]Not applicable
- [F3]On March 15, 2026, the reporting person was granted 2,863 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.
- [F4]On March 15, 2026, the reporting person was granted 2,864 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, 2029 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.
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Jenna D. Evans|2026-03-17