The latest update is out from Rithm Capital (RITM).
Rithm Capital Corp. has initiated the RCM Plan to attract and motivate top talent by offering them the chance to share in the firm’s long-term prosperity through equity interests. This plan involves grants of Class A and B Profits Units, with the latter exchangeable for company shares under certain conditions. Key executives have already been awarded units that vest over time or based on performance metrics, aligning their interests with the company’s financial success. The plan is flexible, allowing for amendments as needed, without negatively impacting participants’ accrued benefits.
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