ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2024

Feb 22, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK: 0001462418
Period of Report: 2024-02-20

Reporting Person: Shepro William B (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-02-20	Restricted Share Units	$0.0000	A	104858.0000	Acquired		Common Stock (104858.0000)	Direct
2024-02-20	Restricted Share Units	$0.0000	A	78146.0000	Acquired		Common Stock (78146.0000)	Direct
2024-02-20	Restricted Share Units	$0.0000	A	78146.0000	Acquired		Common Stock (78146.0000)	Direct

Footnotes

F1: Each restricted share unit ("RSU") represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. ("ASPS") common stock.

F2: Mr. Shepro was granted 104,858 RSUs based on the 30-day average closing share price of ASPS common stock preceding the grant date of February 20, 2024. The RSUs were granted to Mr. Shepro as annual incentive compensation for the 2023 service year ("2023 Annual Incentive Compensation") based upon the Board approved bonus pool funding level and his personal scorecard performance. Altisource determined to pay 100% of the 2023 Annual Incentive Compensation in RSUs; 80% of the RSUs will vest on the first anniversary of the February 20, 2024 grant date (i.e., February 20, 2025) and the remaining 20% of the RSUs will vest on the second anniversary of the grant date (i.e., February 20, 2026).

F3: On February 20, 2024, Mr. Shepro was granted 78,146 time-based RSUs under the Altisource 2024 Long Term Incentive Plan ("LTIP").

F4: The time-based RSUs are scheduled to vest in three equal installments on the first three anniversaries of the grant date (i.e., February 20, 2025; February 20, 2026 and February 20, 2027).

F5: On February 20, 2024, Mr. Shepro was granted 78,146 performance-based RSUs under the Altisource 2024 LTIP.

F6: The performance-based RSUs vest following the third anniversary of the Grant Date (i.e., February 20, 2027) subject to the level of achievement described herein. The number of performance-based RSUs that will vest is based on (i) Company performance against designated financial metrics, as established by the Compensation Committee, for each year during the 2024 - 2026 performance period (the "Performance Period") (which performance may increase or decrease the number of RSUs), and (ii) Total Shareholder Return compared to the Russell 2000 Index over the Performance Period (which performance may further increase or decrease the number of RSUs).