ZELENY DENNIS 4
4 · ONITY GROUP INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Onity (ONIT) EVP Dennis Zeleny Cash-Settled RSUs; Receives New Grants
What Happened
- Dennis Zeleny, EVP & Chief Administrative Officer of Onity Group, had 2,978 restricted stock units (RSUs) vest on March 15, 2026 and those vested units were cash-settled to him. The company used the March 13, 2026 closing price of $37.75 to determine the payout, equal to roughly $112,420.
- On the same date he was also granted two new RSU awards: 8,949 time-based RSUs (vesting in three equal annual installments) and 8,950 performance-and-time-based RSUs (target amount, performance may pay 0%–200% at the 2029 measurement). These are contingent cash-settlement rights tied to the company’s stock price at vesting.
Key Details
- Transaction date: March 15, 2026 (vesting and new grants). Closing price used for cash settlement: $37.75 (last trading day prior to vesting, March 13, 2026).
- Cash payout for vested RSUs: 2,978 units × $37.75 ≈ $112,419.50.
- New awards: 8,949 RSUs (time-based) and 8,950 RSUs (performance + time) — total target units = 17,899.
- Shares owned after transaction: not stated in the filing.
- Footnotes: the 2,978 settled units were the first third of a March 15, 2025 grant of 8,936 RSUs; the new 8,949 award vests over three years, and the 8,950 award vests subject to performance and time with payout measured March 15, 2029 (0%–200% of target).
- Filing timeliness: Form 4 filed March 17, 2026 reporting March 15, 2026 activity (appears timely).
Context
- These filings reflect routine RSU vesting and new equity award grants rather than open-market purchases or sales. The vested units were cash-settled (cash payout based on the stock price) rather than resulting in share transfers to the insider.
- The performance RSUs include a multiplier based on total shareholder return versus a peer group, so the final payout could be higher or lower than the stated target units depending on future performance.
Insider Transaction Report
Form 4
ONITY GROUP INC.ONIT
ZELENY DENNIS
EVP & Chief Admin. Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-15+2,978→ 29,664 total - Disposition to Issuer
Common Stock
[F1]2026-03-15−2,978→ 26,686 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-15−2,978→ 5,958 total→ Common Stock (2,978 underlying) - Award
Restricted Stock Units
[F3][F2]2026-03-15+8,949→ 8,949 total→ Common Stock (8,949 underlying) - Award
Restricted Stock Units
[F4][F2]2026-03-15+8,950→ 8,950 total→ Common Stock (8,950 underlying)
Footnotes (4)
- [F1]On March 15, 2025, the reporting person was granted 8,936 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 2,978 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 8,949 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 8,950 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 Dennis Zeleny|2026-03-17