0001664272-24-000026.txt : 20240104 0001664272-24-000026.hdr.sgml : 20240104 20240104171733 ACCESSION NUMBER: 0001664272-24-000026 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240102 FILED AS OF DATE: 20240104 DATE AS OF CHANGE: 20240104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Shepro William B CENTRAL INDEX KEY: 0001289315 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34354 FILM NUMBER: 24513294 MAIL ADDRESS: STREET 1: C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. STREET 2: 33, BOULEVARD PRINCE HENRI CITY: LUXEMBOURG STATE: N4 ZIP: L-1724 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ALTISOURCE PORTFOLIO SOLUTIONS S.A. CENTRAL INDEX KEY: 0001462418 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: N4 BUSINESS ADDRESS: STREET 1: 33, BOULEVARD PRINCE HENRI STREET 2: L-1724 LUXEMBOURG CITY CITY: GRAND DUCHY OF LUXEMBOURG STATE: N4 ZIP: 50 BUSINESS PHONE: 352 24 69 79 00 MAIL ADDRESS: STREET 1: 33, BOULEVARD PRINCE HENRI STREET 2: L-1724 LUXEMBOURG CITY CITY: GRAND DUCHY OF LUXEMBOURG STATE: N4 ZIP: 50 FORMER COMPANY: FORMER CONFORMED NAME: Altisource Portfolio Solutions S.A. DATE OF NAME CHANGE: 20090625 FORMER COMPANY: FORMER CONFORMED NAME: Altisource Portfolio Solutions S.a.r.l. DATE OF NAME CHANGE: 20090422 4 1 f4_a1e2k00000wi6cwuad-live.xml PRIMARY DOCUMENT X0508 4 2024-01-02 false 0001462418 ALTISOURCE PORTFOLIO SOLUTIONS S.A. ASPS 0001289315 Shepro William B C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. 33, BOULEVARD PRINCE HENRI LUXEMBOURG N4 L-1724 LUXEMBOURG true true false false Chairman and CEO false Common Stock 2024-01-02 4 F false 6293.0000 3.5400 D 695617.0000 I William B. Shepro Revocable Trust Common Stock 2024-01-02 4 A false 13348.0000 3.5600 A 701910.0000 I William B. Shepro Revocable Trust As part of a company-wide cost reduction plan, Mr. Shepro has volunteered to temporarily modify his compensation effective November 1, 2023 by offering the Company the option to replace up to 30% of his base compensation with a grant of unrestricted ASPS common stock (the "Adjustment"). On December 31, 2023, and at the end of each subsequent calendar quarter (each a "Period"), as long as the Adjustment is in place, the Company will determine the portion of the reduced amount to be paid in common stock based on the lower of the average closing stock price for the Period and the closing stock price on the day immediately preceding the grant and transfer the applicable shares. Mr. Shepro or the Company may, upon written notice, reduce or terminate the Adjustment. For the Period ending December 31, 2023, Mr. Shepro received 13,348 shares, which vest immediately. Represents the cost per share for the temporary compensation replacement noted in Footnote 1. Given that it was a replacement for compensation, the net cost of the shares was $0. Of the 13,348 shares granted to Mr. Shepro, reported above, 6,293 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 7,055 shares. The price per share used to determine the tax withholdings was the opening price of ASPS common stock on the grant date. /s/ Teresa L. Szupello, Attorney-in-Fact 2024-01-04