0001664272-23-000292.txt : 20230322
0001664272-23-000292.hdr.sgml : 20230322
20230322201329
ACCESSION NUMBER: 0001664272-23-000292
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230320
FILED AS OF DATE: 20230322
DATE AS OF CHANGE: 20230322
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RITTS GREGORY J.
CENTRAL INDEX KEY: 0001621907
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34354
FILM NUMBER: 23754211
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]
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_a1e2k00000rxrwtuat-live.xml
PRIMARY DOCUMENT
X0407
4
2023-03-20
false
0001462418
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
ASPS
0001621907
RITTS GREGORY J.
C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.
33, BOULEVARD PRINCE HENRI
LUXEMBOURG
N4
L-1724
LUXEMBOURG
false
true
false
false
Chief Legal/Compliance Officer
false
Restricted Share Units
0.0000
2023-03-20
4
A
false
24358.0000
0.0000
A
Common Stock
24358.0000
24358.0000
D
Each restricted share unit ("RSU") represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. ("ASPS") common stock.
Mr. Ritts received a grant of 24,358 RSUs based on the 30-day average closing share price of ASPS common stock of $5.55 preceding the March 20, 2023 grant date. The RSUs were granted to Mr. Ritts as annual incentive compensation for the 2022 service year ("2022 Annual Incentive Compensation") based upon the Board approved bonus pool funding level and his personal scorecard performance. Altisource determined to pay 100% of the 2022 Annual Incentive Compensation in RSUs; 60% of the RSUs will cliff vest on the first anniversary of the grant date, the remaining 40% of the RSUs will vest in two equal installments on the first and second anniversaries of the March 20, 2023 grant date (i.e., March 20, 2024 and March 20, 2025).
/s/ Teresa L. Szupello, Attorney-in-Fact
2023-03-22