secwatch.observer — SEC 8-K summary
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Issuer:     Rithm Capital Corp. (RITM)
CIK:        0001556593
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001140361-24-013543
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Rithm Capital amends CEO Michael Nierenberg's employment; shifts 75% of equity to performance-based
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- Base salary reduced from $1.25M to $1.0M, effective April 1, 2024.
- Annual target cash bonus cut from $5M to $4M.
- Time-based equity award target lowered from $4.375M to $3M; performance-based equity target raised from $4.375M to $9M.
- Result: 75% of total equity award target now performance-based, up from 50% previously.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556593/000114036124013543/0001140361-24-013543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556593/000114036124013543/ef20024287_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-013543

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer