other material
confidence high
sentiment neutral
materiality 0.25
Altisource Portfolio Solutions awards 2024 incentive RSUs to executives; CEO voluntarily reduces award by 76.7%
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- CEO William Shepro earned 429,303 RSUs but voluntarily reduced to 100,000, reallocating 329,303 to other employees.
- CFO Michelle Esterman received 180,479 RSUs ($128,140 value), including 75,000 from Shepro's reallocation.
- Gregory Ritts received 157,330 RSUs ($111,704 value), also including 75,000 extra from Shepro.
- 2024 AIP achievements: Service Revenue 84% of budget, Adjusted EBITDA 87% of budget; scorecard payouts: Shepro 60.4%, Esterman 70.6%, Ritts 67.2% of target.
- 2025 AIP adopted with 80% weight on Adjusted EBITDA for CEO and 20% strategic objectives; target amounts unchanged.