Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 378

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 378
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 of PSU awards granted for the years ended December 31, 2024 and 2023 was $10.70 and $9.52, respectively. As of December 31, 2024, total unrecognized compensation expense related to PSU awards was $9.9 million, with a weighted-average amortization period of 1.4 years. No PSU awards vested for the years ended December 31, 2024, 2023 and 2022. The weighted-average grant-date fair value of RSAs granted for the year ended December 31, 2022 was $8.65. There were no RSAs granted for the years ended December 31, 2024 or 2023. As of December 31, 2024, total unrecognized compensation expense related to RSAs was $0.4 million, with a weighted-average amortization period of 0.5 years. The total fair value of RSAs vested was $1.7 million and $1.7 million for the years ended December 31, 2024 and 2023, respectively. No RSAs vested for the year ended December 31, 2022.

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollars in tables in thousands, except share data)

The weighted-average grant-date fair value of time-based and performance-based Class B Profit Units granted for the year ended December 31, 2024 was $10.72 and $10.79, respectively. No time-based or performance-based Class B Profit Units were granted for the years ended December 31, 2023 and 2022, as the RCM Plan was established in February 2024. As of December 31, 2024, total unrecognized compensation expense related to time-based and performance-based Class B Profit Units was $26.7 million, with a weighted-average amortization period of 2.2 years. No time-based or performance-based Class B Profit Units vested for the years ended December 31, 2024, 2023 and 2022.OptionsPrior to the Internalization, the Company issued options (i) to the Former Manager and (ii) as initial one-time grants relating to 1,000 shares common stock as compensation to each new director. These options were issued pursuant to the 2013 Plan. Upon exercise, all options will be settled in an amount of cash equal to the excess of the fair market value