Samarias Joseph J 4
4 · ONITY GROUP INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Onity Group (ONIT) EVP Joseph Samarias Receives Cash‑Settled RSUs & New Grants
What Happened
Joseph J. Samarias, EVP & Chief Legal Officer of Onity Group (ONIT), had 1,638 restricted stock units (RSUs) vest and be settled in cash on March 15, 2026, based on the last trading-day closing price of $37.75 (cash payout ≈ $61,835). On the same date he was granted two new awards: 3,937 time‑based RSUs (vest in three equal annual installments) and 3,938 RSUs that are subject to both time and a performance condition (0%–200% payout based on relative total shareholder return, measured at a 3/15/2029 vest date).
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
- Cash settlement: 1,638 RSUs settled at $37.75 (closing price on March 13, 2026) → ≈ $61,835 paid to the reporting person.
- New grants: 3,937 time‑based RSUs (three equal annual vesting instalments) and 3,938 performance‑and‑time RSUs (payout 0%–200% of target, measurement date Mar 15, 2029).
- Shares owned after the reported transactions: not specified in the filing.
- Transaction codes: M = conversion/exercise of derivative (vesting RSUs), D = disposition to issuer (cash settlement), A = award/grant.
- Footnotes: the settled RSUs were from a March 15, 2025 grant of 4,915 RSUs; 1,638 of those vested. The new awards are cash‑settled RSUs (each unit equals a contingent right to a cash payment equal to the stock closing price on vesting).
Context
This was largely administrative: a scheduled vesting and cash settlement of previously granted RSUs and the grant of new time- and performance‑based RSUs. Cash settlements and standard executive equity grants are routine and do not, by themselves, signal a purchase or sale of underlying shares. The performance RSUs include a market‑based payout range tied to relative TSR, so final payout will depend on future company performance versus peers.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-15+1,638→ 23,401 total - Disposition to Issuer
Common Stock
[F1]2026-03-15−1,638→ 21,763 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-15−1,638→ 3,277 total→ Common Stock (1,638 underlying) - Award
Restricted Stock Units
[F3][F2]2026-03-15+3,937→ 3,937 total→ Common Stock (3,937 underlying) - Award
Restricted Stock Units
[F4][F2]2026-03-15+3,938→ 3,938 total→ Common Stock (3,938 underlying)
Footnotes (4)
- [F1]On March 15, 2025, the reporting person was granted 4,915 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 1,638 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 3,937 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 3,938 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 period.