0001664272-23-000195.txt : 20230303 0001664272-23-000195.hdr.sgml : 20230303 20230303190155 ACCESSION NUMBER: 0001664272-23-000195 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220301 FILED AS OF DATE: 20230303 DATE AS OF CHANGE: 20230303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Esterman Michelle D. CENTRAL INDEX KEY: 0001544019 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34354 FILM NUMBER: 23706826 MAIL ADDRESS: STREET 1: C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. STREET 2: 33, BOULEVARD PRINCE HENRI CITY: LUXEMBOURG STATE: N4 ZIP: L-1724 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: 33, BOULEVARD PRINCE HENRI STREET 2: L-1724 LUXEMBOURG CITY CITY: GRAND DUCHY OF LUXEMBOURG STATE: N4 ZIP: 50 BUSINESS PHONE: 352 24 69 79 00 MAIL ADDRESS: STREET 1: 33, BOULEVARD PRINCE HENRI STREET 2: L-1724 LUXEMBOURG CITY CITY: GRAND DUCHY OF LUXEMBOURG STATE: N4 ZIP: 50 FORMER COMPANY: FORMER CONFORMED NAME: Altisource Portfolio Solutions S.A. DATE OF NAME CHANGE: 20090625 FORMER COMPANY: FORMER CONFORMED NAME: Altisource Portfolio Solutions S.a.r.l. DATE OF NAME CHANGE: 20090422 4 1 f4_a1e2k00000rxrtqual-live.xml PRIMARY DOCUMENT X0306 4 2022-03-01 false 0001462418 ALTISOURCE PORTFOLIO SOLUTIONS S.A. ASPS 0001544019 Esterman Michelle D. C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. 33, BOULEVARD PRINCE HENRI LUXEMBOURG N4 L-1724 LUXEMBOURG false true false false Chief Financial Officer Restricted Share Units 0.0000 2022-03-01 4 A false 10000.0000 0.0000 A Common Stock 10000.0000 10000.0000 D Restricted Share Units 0.0000 2022-03-01 4 A false 10000.0000 0.0000 A Common Stock 10000.0000 10000.0000 D Restricted Share Units 0.0000 2022-03-01 4 A false 12219.0000 0.0000 A Common Stock 12219.0000 12219.0000 D Due to an administrative error, this transaction was not reported by the requisite deadline, and is being filed now to correct the delinquency. On March 1, 2022, Ms. Esterman was granted 12,219 restricted share units ("RSUs") under the 2009 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of ASPS common stock. 7,332 RSUs are scheduled to vest on the first anniversary of the grant date (i.e., March 1, 2023) and the remaining 4,887 RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 1, 2024). On March 1, 2022, Ms. Esterman was granted 10,000 time-based RSUs under the 2009 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of ASPS common stock. The time-based RSUs are scheduled to vest in three equal increments on the first, second and third anniversaries of the grant date (i.e., March 1, 2023; March 1, 2024 and March 1, 2025). On March 1, 2022, Ms. Esterman was granted 10,000 performance-based RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock. The performance-based RSUs shall be earned and vest entirely on the third anniversary of the Grant Date (i.e., March 1, 2025) based on (i) the achievement of pre-established performance goals related to the simple average of performance for each year during the 2022-2024 period (the "Performance Period"), as established each year by the Compensation Committee (with the awards terminating if the average achievement for the three-year period is less than 50%); and (ii) Total Shareholder Return compared to the Russell 2000 Index during the Performance Period based on a pre-determined linear scale approved by the Compensation Committee. /s/ Teresa L. Szupello, Attorney-in-Fact 2023-03-03