other material
confidence high
sentiment neutral
materiality 0.40
Rithm Capital adopts LTIP for subsidiary; grants equity awards to CFO and CLO
Rithm Capital Corp.
- Compensation Committee approved RCM Long Term Incentive Plan for Rithm Capital Management LLC.
- CFO Nicola Santoro Jr. received 51,401 time-vesting and 51,401 target performance-vesting Class B Profits Units.
- CLO Philip Sivin received 11,682 time-vesting and 11,682 target performance-vesting units.
- Performance units vest based on annual EAD ROE targets over 2024-2026; payout range 0%-200%.
- Share-Settled Awards exchangeable into shares of Rithm common stock (RITM).