secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001462418-25-000031
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Altisource Portfolio Solutions awards 2024 incentive RSUs to executives; CEO voluntarily reduces award by 76.7%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241825000031/0001462418-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241825000031/asps-20250228.htm
  HTML page:      https://secwatch.observer/filing/0001462418-25-000031

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