0001664272-23-000301.txt : 20230322 0001664272-23-000301.hdr.sgml : 20230322 20230322213221 ACCESSION NUMBER: 0001664272-23-000301 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: Shepro William B CENTRAL INDEX KEY: 0001289315 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34354 FILM NUMBER: 23754301 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_a1e2k00000rxrwnuad-live.xml PRIMARY DOCUMENT X0407 4 2023-03-20 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 Restricted Share Units 0.0000 2023-03-20 4 A false 51218.0000 0.0000 A Common Stock 51218.0000 51218.0000 D Restricted Share Units 0.0000 2023-03-20 4 A false 51218.0000 0.0000 A Common Stock 51218.0000 51218.0000 D On March 20, 2023, Mr. Shepro was granted 51,218 time-based restricted share units ("RSUs") under the Altisource 2023 Long Term Incentive Plan ("LTIP"). Each RSU represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. ("ASPS") common stock. The time-based RSUs are scheduled to vest in three equal increments on the first three anniversaries of the grant date (i.e., March 20, 2024; March 20, 2025 and March 20, 2026). On March 20, 2023, Mr. Shepro was granted 51,218 performance-based RSUs under the Altisource 2023 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock. The performance-based RSUs vest following the third anniversary of the Grant Date (i.e., March 20, 2026) 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 2023 - 2025 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). /s/ Teresa L. Szupello, Attorney-in-Fact 2023-03-22