Francois Grunenwald - Mar 29, 2025 Form 4 Insider Report for ONITY GROUP INC. (ONIT)

Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Francois Grunenwald
Stock symbol
ONIT
Transactions as of
Mar 29, 2025
Transactions value $
$0
Form type
4
Date filed
4/1/2025, 06:25 PM
Previous filing
Mar 18, 2025
Next filing
Apr 7, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONIT Common Stock Options Exercise +1.29K 1.29K Mar 29, 2025 Direct F1
transaction ONIT Common Stock Disposed to Issuer -1.29K -100% 0 Mar 29, 2025 Direct F1
transaction ONIT Common Stock Options Exercise +1.18K 1.18K Mar 31, 2025 Direct F2
transaction ONIT Common Stock Disposed to Issuer -1.18K -100% 0 Mar 31, 2025 Direct F2
transaction ONIT Common Stock Options Exercise +3.34K 3.34K Mar 31, 2025 Direct F3
transaction ONIT Common Stock Disposed to Issuer -3.34K -100% 0 Mar 31, 2025 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ONIT Restricted Stock Units Options Exercise $0 -1.29K -33.33% $0.00 2.57K Mar 29, 2025 Common Stock 1.29K Direct F1, F4
transaction ONIT Restricted Stock Units Options Exercise $0 -1.18K -100% $0.00 0 Mar 31, 2025 Common Stock 1.18K Direct F2, F4
transaction ONIT Restricted Stock Units Options Exercise $0 -3.34K -100% $0.00 0 Mar 31, 2025 Common Stock 3.34K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 29, 2024, the reporting person was granted 3,855 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to 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 1,285 restricted stock units that vested pursuant to the award on March 29, 2025. On March 28, 2025, the last trading day prior to the vesting date, the closing price of ONIT common stock was $31.45.
F2 On March 31, 2022, the reporting person was granted 3,544 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to 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 1,182 restricted stock units that vested pursuant to the award on March 31, 2025. On March 31, 2025, the closing price of ONIT common stock was $32.32.
F3 On March 31, 2022, the reporting person was granted 3,544 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Between 0% and 200% of the target number of units were eligible to vest on March 31, 2025 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. 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 3,342 restricted stock units that vested pursuant to the award on March 31, 2025. On March 31, 2025, the closing price of ONIT common stock was $32.32.
F4 Not applicable