0001664272-24-000224.txt : 20240322 0001664272-24-000224.hdr.sgml : 20240322 20240322160545 ACCESSION NUMBER: 0001664272-24-000224 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240320 FILED AS OF DATE: 20240322 DATE AS OF CHANGE: 20240322 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: 24775206 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_a1e2k00000wi8jkual-live.xml PRIMARY DOCUMENT X0508 4 2024-03-20 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 Common Stock 2024-03-20 4 M false 120690.0000 0.0000 A 120690.0000 D Common Stock 2024-03-20 4 F false 56936.0000 2.5900 D 63754.0000 D Common Stock 2024-03-20 4 G false 63754.0000 0.0000 D 0.0000 D Common Stock 2024-03-20 4 G false 63754.0000 0.0000 A 787002.0000 I William B. Shepro Revocable Trust Restricted Share Units 0.0000 2024-03-20 4 M false 103617.0000 0.0000 D Common Stock 103617.0000 25904.0000 D Restricted Share Units 0.0000 2024-03-20 4 M false 17073.0000 0.0000 D Common Stock 17073.0000 34145.0000 D 120,690 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to awards under the Altisource 2023 Annual Incentive Plan ("AIP") and the Altisource 2023 Long Term Incentive Plan ("LTIP"). Of the 120,690 RSUs vesting into shares reported above 56,936 shares were forgone to pay for the tax withholding with a net issuance to Mr. Shepro of 63,754 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on March 20, 2024. Represents a transfer by gift from Mr. Shepro's direct ownership to the William B. Shepro Revocable Trust of 63,754 shares of ASPS common stock acquired upon the vesting of RSUs pursuant to awards under the Altisource 2023 AIP and Altisource 2023 LTIP. Represents the vesting of 80% of Time-based RSUs granted to Mr. Shepro on March 20, 2023, pursuant to the Altisource 2023 AIP. Each RSU represents a contingent right to receive one share of ASPS common stock. The remaining 20% of the Time-based RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 20, 2025). Represents the vesting of the first tranche of Type I Time-based RSUs granted to Mr. Shepro on March 20, 2023, pursuant to the Altisource 2023 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock. The remaining 34,145 Type I Time-based RSUs are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., March 20, 2025 and March 20, 2026). /s/ Teresa L. Szupello, Attorney-in-Fact 2024-03-22