02/24/2026 | Press release | Distributed by Public on 02/24/2026 16:59
|
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
|
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 Underlying Securities (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 of Derivative Security: 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 Share Units(4) | $ 0 | 02/20/2026 | M | 3,256(5) | (5) | (5) | Common Stock | 3,256 | $ 0 | 3,256 | D | ||||
| Restricted Share Units(4) | $ 0 | 02/20/2026 | M | 2,621(6) | (6) | (6) | Common Stock | 2,621 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
Shepro William B C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. 33, BOULEVARD PRINCE HENRI LUXEMBOURG, N4 L-1724 |
X | Chairman and CEO | ||
| /s/ Teresa L. Szupello, Attorney-in-Fact | 02/24/2026 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | Mr. Shepro received 5,877 shares of Altisource Portfolio Solutions S.A. (the "Company" or "ASPS") common stock upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to awards under the Company's 2024 Long Term Incentive Plan ("LTIP") and 2023 Annual Incentive Plan ("AIP"). |
| (2) | Of the 5,877 RSUs that vested, 2,173 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 3,704 shares of ASPS common stock to Mr. Shepro. The price per share used to determine the tax withholding was the opening price of ASPS common stock on February 20, 2026. |
| (3) | Represents a transfer by gift from Mr. Shepro's direct ownership to the William B. Shepro Revocable Trust of 3,704 shares of ASPS common stock acquired upon the vesting of RSUs under the Altisource 2009 Equity Incentive Plan. |
| (4) | Each RSU represents a contingent right to receive one share of ASPS common stock. |
| (5) | Mr. Shepro received 3,256 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2024 LTIP. The remaining 3,256 RSUs are scheduled to vest on the third anniversary of the grant date (i.e., February 20, 2027). |
| (6) | Represents the final vesting of time-based RSUs granted to Mr. Shepro on February 20, 2024 pursuant to the 2023 AIP. |