0001664272-21-000135.txt : 20210311 0001664272-21-000135.hdr.sgml : 20210311 20210311165228 ACCESSION NUMBER: 0001664272-21-000135 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210309 FILED AS OF DATE: 20210311 DATE AS OF CHANGE: 20210311 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RITTS GREGORY J. CENTRAL INDEX KEY: 0001621907 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34354 FILM NUMBER: 21733951 MAIL ADDRESS: STREET 1: 40, AVENUE MONTEREY CITY: LUXEMBOURG STATE: N4 ZIP: L-2163 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Altisource Portfolio Solutions S.A. CENTRAL INDEX KEY: 0001462418 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 000000000 STATE OF INCORPORATION: N4 BUSINESS ADDRESS: STREET 1: 40, AVENUE MONTEREY STREET 2: L-2163 LUXEMBOURG CITY CITY: GRAND DUCHY OF LUXEMBOURG STATE: N4 ZIP: 50 BUSINESS PHONE: 352 24 69 79 00 MAIL ADDRESS: STREET 1: 40, AVENUE MONTEREY STREET 2: L-2163 LUXEMBOURG CITY CITY: GRAND DUCHY OF LUXEMBOURG STATE: N4 ZIP: 50 FORMER COMPANY: FORMER CONFORMED NAME: Altisource Portfolio Solutions S.a.r.l. DATE OF NAME CHANGE: 20090422 4 1 f4_a1e2k00000klehnual-live.xml PRIMARY DOCUMENT X0306 4 2021-03-09 false 0001462418 Altisource Portfolio Solutions S.A. ASPS 0001621907 RITTS GREGORY J. C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. 40, AVENUE MONTEREY LUXEMBOURG CITY N4 L-2163 LUXEMBOURG false true false false Chief Legal/Compliance Officer Restricted Share Units 0.0000 2021-03-09 4 A false 131.0000 0.0000 A Common Stock 131.0000 131.0000 D Each restricted share unit ("RSU") represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. ("ASPS") common stock. Mr. Ritts received a grant of 131 RSUs based on the 30-day average closing share price of ASPS common stock of $10.56 preceding the March 9, 2021 grant date. The RSUs were granted to Mr. Ritts as annual incentive compensation for the 2020 service year ("2020 Annual Incentive Compensation") based upon the Board approved bonus pool funding level and his personal scorecard performance. Altisource determined to pay 100% of the 2020 Annual Incentive Compensation in RSUs; 60% of the RSUs will cliff vest on the first anniversary of the grant date, the remaining 40% of the RSUs will vest in two equal installments on the first and second anniversaries of the March 9, 2021 grant date (i.e., March 9, 2022 and March 9, 2023). Mr. Ritts received a 25% reduction to his base salary for the period April 1, 2020 to October 4, 2020 due to COVID-19 Cost Reduction Measures taken by Altisource. In lieu of the reduction in base salary, Mr. Ritts elected for this amount to be adjusted against his earned 2020 Annual Incentive Compensation. The RSU award for Mr. Ritts has been adjusted accordingly. /s/ Teresa L. Szupello, Attorney-in-Fact 2021-03-11