Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 379

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 379
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 of a share of common stock on the date of exercise over the exercise price per share unless advance approval is made to settle options in shares of common stock.  On November 11, 2024, the Former Manager exercised all of its outstanding options granted in 2021. The outstanding 7,050,335 options were net settled for 0.9 million shares of common stock. The total intrinsic value of options exercised was $9.94 million for the year ended December 31, 2024. There were no options exercised in 2023 or 2022.The following table summarizes outstanding options as of December 31, 2024. The last sales price on the New York Stock Exchange for Rithm Capital’s common stock for the year ended December 31, 2024 was $10.83 per share.RecipientDate ofGrant(A)Number of Unexercised OptionsOptionsExercisableas ofDecember 31, 2024Weighted-AverageExercisePrice(B)Intrinsic Value of Exercisable Options as of December 31, 2024Independent DirectorsVarious(C)2,000 2,000 $10.70 $— Former Manager20171,130,916 1,130,916 12.84 — Former Manager20185,320,000 5,320,000 15.57 — Former Manager20196,351,000 6,351,000 14.95 — Former Manager20201,619,739 1,619,739 16.30 — Outstanding14,423,655 14,423,655 $15.16 (A)Options expire on the tenth anniversary from date of grant.(B)The exercise prices are subject to adjustment in connection with return of capital dividends.(C)1,000 options were granted in 2016 and 1,000 were granted in 2021. The following table summarizes activity in outstanding options:Number of OptionsWeighted-Average Exercise PriceDecember 31, 202321,473,990 $13.26 Exercised(7,050,335)9.38 December 31, 202414,423,655 $15.16 Liability-Classified Share-Based CompensationIn November 2023, the Company established the Sculptor Capital Management Inc. Long-Term Incentive Plan (“LTIP”) to attract, retain and provide incentives and rewards for service or