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ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2024
Oct 24, 2024
34042_dirs_2024-10-24_c9052c9f-aac7-41b7-9ca7-d8237ef63953.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK: 0001462418
Period of Report: 2024-10-22
Reporting Person: Esterman Michelle D. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-10-22 | Common Stock | A | 27133.0000 | $1.1900 | Acquired | 187376.0000 | Direct |
| 2024-10-22 | Common Stock | F | 6606.0000 | $1.1700 | Disposed | 180770.0000 | Direct |
Footnotes
F1: As part of a previously disclosed company-wide cost reduction plan, Ms. Esterman has volunteered to temporarily modify her compensation by offering the Company the option to replace up to 30% of her base compensation with a grant of unrestricted ASPS common stock (the "Adjustment"). At the end of each calendar quarter (each a "Period"), until either Ms. Esterman or the Company, upon written notice, reduces or terminates the Adjustment, the Company will determine the portion of the reduced amount to be paid in common stock and transfer the shares. For the Period ended September 30, 2024, Ms. Esterman received 27,133 shares, which vested immediately.
F2: Represents the cost per share used to determine the temporary compensation replacement described in Footnote 1. Given that the shares are a replacement for compensation, their net cost was $0.
F3: Of the 27,133 shares granted to Ms. Esterman, reported above, 6,606 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 20,527 shares.
F4: Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date.