EVP & Chief Financial Officer O'Neil Sean Bradley covered exercise/tax liability with 11,649 shares and converted options into 29,602 shares, increasing direct ownership by 58% to 48,918 units (SEC Form 4)
$ONIT
Finance: Consumer Services
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ONITY GROUP INC. [ ONIT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/13/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 06/13/2025 | M | 4,365 | A | (1) | 35,330 | D | |||
| Common Stock | 06/13/2025 | F(2) | 1,718 | D | $37.62 | 33,612 | D | |||
| Common Stock | 06/13/2025 | M | 12,886 | A | (3) | 46,498 | D | |||
| Common Stock | 06/13/2025 | F(2) | 5,071 | D | $37.62 | 41,427 | D | |||
| Common Stock | 06/13/2025 | M | 12,351 | A | (5) | 53,778 | D | |||
| Common Stock | 06/13/2025 | F(2) | 4,860 | D | $37.62 | 48,918 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) | 06/13/2025 | M | 4,365 | (1) | (4) | Common Stock | 4,365 | $0 | 0 | D | ||||
| Restricted Stock Units | (3) | 06/13/2025 | M | 12,886 | (3) | (4) | Common Stock | 12,886 | $0 | 12,887 | D | ||||
| Restricted Stock Units | (5) | 06/13/2025 | M | 12,351 | (5) | (4) | Common Stock | 12,351 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. On June 13, 2022, the reporting person was granted 13,094 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant, subject to the reporting person's continued employment and certain other conditions. |
| 2. Shares withheld pursuant to terms of the award to cover tax withholding obligations. |
| 3. On June 13, 2022, the reporting person was granted 51,546 restricted stock units scheduled to vest in four approximately equal annual installments on the first, second, third and fourth anniversaries of grant, subject to the reporting person's continued employment and certain other conditions. |
| 4. Not applicable. |
| 5. On June 13, 2022, the reporting person was granted 13,094 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. Between 0% and 200% of the target number of units were eligible to vest on June 13, 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. On June 13, 2025, 12,351 restricted stock units vested pursuant to the award. |
| /s/ Leah E. Hutton, Attorney-in-Fact for Sean B. O'Neil | 06/17/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||