Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 381

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 381
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 Model.The table below summarizes the LTIP Profit Units granted, forfeited or vested under the LTIP during the year ended December 31, 2024:Number of Shares / UnitsWeighted-Average Grant-Date Fair ValueUnvested Shares at December 31, 2023539,500 $66.03 Granted32,500 63.34 Vested— — Forfeited(51,000)66.03 Unvested Shares at December 31, 2024521,000 $65.87 The weighted-average grant-date fair value of LTIP Profit Units granted was $63.34 and $66.03 for the years ended December 31, 2024 and 2023, respectively. No LTIP Profit Units were granted for the year ended December 31, 2022, as the LTIP was established in November 2023. As of December 31, 2024, total unrecognized compensation expense related to LTIP Profit Units was $18.6 million, with a weighted-average amortization period of 3.0 years. No LTIP Profit Units vested for the years ended December 31, 2024 and 2023.

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

24. EQUITY AND EARNINGS PER SHARE 

Equity and DividendsRithm Capital’s certificate of incorporation authorizes 2.0 billion shares of common stock, par value $0.01 per share, and 100.0 million shares of preferred stock, par value $0.01 per share. On August 5, 2022, Rithm Capital entered into a Distribution Agreement to sell shares of its common stock, par value $0.01 per share, having an aggregate offering price of up to $500.0 million, from time to time, through an “at-the-market” equity offering program (the “ATM Program”). During the year ended December 31, 2024, 6.1 million shares of common stock were issued under the ATM Program.In February 2024, Rithm Capital’s board of directors renewed the Company’s stock repurchase program, authorizing the repurchase of up to $200.0 million of its common stock and $100.0 million of its preferred stock for the period