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Altisource Portfolio Solutions SA ( (ASPS) ) just unveiled an announcement.
On February 25, 2025, Altisource Portfolio Solutions S.A.’s Compensation Committee approved the 2024 Annual Incentive Plan, which included incentive compensation awards for its executive officers. The plan, initially adopted in December 2023, set target bonuses based on performance metrics such as Consolidated Service Revenue and Adjusted EBITDA Budget Objectives. The achievements under the 2024 AIP were partially met, leading to a discretionary decision by the Committee to pay the incentives entirely in Restricted Stock Units (RSUs). Notably, CEO William B. Shepro voluntarily reduced his RSUs to benefit other employees, acknowledging their contributions to significant company transactions. Additionally, the 2025 Annual Incentive Plan was adopted, outlining new performance metrics and target bonuses for the upcoming year.
More about Altisource Portfolio Solutions SA
Altisource Portfolio Solutions S.A. operates in the financial services industry, providing mortgage and real estate solutions. The company focuses on offering services such as property management, valuation, and asset recovery, catering to the needs of mortgage servicers and real estate investors.
YTD Price Performance: 1.47%
Average Trading Volume: 207,493
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $18.81M
Learn more about ASPS stock on TipRanks’ Stock Analysis page.