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