Form 4: Director William Addas Receives Rithm Capital Stock Grant
Statement of Changes in Beneficial Ownership
Director William Addas acquired 16,199 shares of Rithm Capital Corp. common stock as compensation for board services.
Summary
- Director William Addas was granted 16,199 shares of Rithm Capital Corp. (RITM) common stock.
- The grant was issued as compensation for services provided to the company under the Omnibus Incentive Plan.
- The transaction occurred on May 26, 2026, based on a closing price of $9.26 per share on May 22, 2026.
- The filing includes a correction for an inadvertent overstatement of 18 shares in a previous January 7, 2026, filing.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation and a minor clerical correction, which carries no significant market sentiment.
Positives
- Director compensation via equity aligns the interests of the board member with those of shareholders.
Negatives
- The filing notes a clerical error in a previous report, requiring a correction to the total share balance.
Risks
- None identified in this specific disclosure.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that equity-based compensation for directors is a standard practice in the REIT and financial services sector to ensure long-term alignment with shareholder value.
Comparison to Industry Standards
- The use of an Omnibus Incentive Plan for director compensation is consistent with standard corporate governance practices for publicly traded REITs.
Stakeholder Impact
- Shareholders benefit from the alignment of director incentives with company performance.
Key Dates
| Date | Description |
|---|---|
| 2026-01-07 | Date of previous filing containing an overstatement error. |
| 2026-05-22 | Closing stock price reference date for the grant. |
| 2026-05-26 | Date of the reported transaction and filing. |
Keywords
Rithm Capital, RITM, Form 4, Insider Trading, Director Compensation, Equity Grant
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