Michael Nierenberg - 08 Dec 2022 Form 4 Insider Report for Rithm Capital Corp. (RITM)

Role
Chairman, CEO & President, Director
Signature
/s/ Philip Sivin, as Attorney-in-Fact
Issuer symbol
RITM
Transactions as of
08 Dec 2022
Net transactions value
$0
Form type
4
Filing time
09 Dec 2022, 14:44:47 UTC
Previous filing
17 Mar 2022
Next filing
23 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RITM Common Stock Award $0 +578,034 +162% $0.000000 935,062 08 Dec 2022 Direct F1, F2
holding RITM Common Stock 56,287 08 Dec 2022 By Trust for Children
holding RITM Common Stock 301,548 08 Dec 2022 By Trust for Daughter
holding RITM Common Stock 301,548 08 Dec 2022 By Trust for Son
holding RITM Common Stock 130,458 08 Dec 2022 By 2019 GRAT
holding RITM Common Stock 23,850 08 Dec 2022 Custodian for Daughter
holding RITM Common Stock 24,400 08 Dec 2022 Custodian for Son
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock awards granted under the Rithm Capital Corp. Nonqualified Stock Option and Incentive Award Plan, which will vest in three equal installments on June 17 of each of 2023, 2024 and 2025, so long as the Reporting Person remains in continued employment with the Issuer. As previously disclosed, the restricted stock was granted in full satisfaction of the terms of Section 2(d) of the Employment Agreement by and between the Reporting Person and the Issuer, effective as of June 17, 2022. The applicable closing stock price was $8.65 on June 17, 2022.
F2 Includes 578,034 unvested shares of restricted stock.