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Altisource Portfolio Solutions SA ( (ASPS) ) has shared an update.
In a significant update, Altisource Portfolio Solutions announced changes to its executive compensation structure and management restricted stock units. As of February 1, 2025, CEO William B. Shepro and CFO Michelle D. Esterman will revert to receiving their full base compensation in cash, reversing a previous modification to receive up to 30% in company stock. Additionally, on January 28, 2025, the company executives agreed to terminate certain market-based restricted stock units, a move aligning with Altisource’s broader restructuring efforts. In a strategic decision to align management incentives with the company’s long-term performance, the board approved new restricted stock units for executives, conditional on the completion of planned financial transactions requiring shareholder approval.
More about Altisource Portfolio Solutions SA
Altisource Portfolio Solutions S.A. operates in the financial services industry, offering services and products related to real estate and mortgage portfolio management. The company focuses on providing solutions to enhance the operational efficiency and profitability of clients in the mortgage and real estate sectors.
YTD Price Performance: -7.21%
Average Trading Volume: 201,910
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $18.93M
For a thorough assessment of ASPS stock, go to TipRanks’ Stock Analysis page.
