<SEC-DOCUMENT>0001664272-24-000134.txt : 20240222
<SEC-HEADER>0001664272-24-000134.hdr.sgml : 20240222
<ACCEPTANCE-DATETIME>20240222160703
ACCESSION NUMBER:		0001664272-24-000134
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240220
FILED AS OF DATE:		20240222
DATE AS OF CHANGE:		20240222

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RITTS GREGORY J.
		CENTRAL INDEX KEY:			0001621907
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34354
		FILM NUMBER:		24664727

	MAIL ADDRESS:	
		STREET 1:		C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.
		STREET 2:		33, BOULEVARD PRINCE HENRI
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-1724

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALTISOURCE PORTFOLIO SOLUTIONS S.A.
		CENTRAL INDEX KEY:			0001462418
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4

	BUSINESS ADDRESS:	
		STREET 1:		33, BOULEVARD PRINCE HENRI
		STREET 2:		L-1724 LUXEMBOURG CITY
		CITY:			GRAND DUCHY OF LUXEMBOURG
		STATE:			N4
		ZIP:			50
		BUSINESS PHONE:		352 24 69 79 00

	MAIL ADDRESS:	
		STREET 1:		33, BOULEVARD PRINCE HENRI
		STREET 2:		L-1724 LUXEMBOURG CITY
		CITY:			GRAND DUCHY OF LUXEMBOURG
		STATE:			N4
		ZIP:			50

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Altisource Portfolio Solutions S.A.
		DATE OF NAME CHANGE:	20090625

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Altisource Portfolio Solutions S.a.r.l.
		DATE OF NAME CHANGE:	20090422
</SEC-HEADER>
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        <issuerCik>0001462418</issuerCik>
        <issuerName>ALTISOURCE PORTFOLIO SOLUTIONS S.A.</issuerName>
        <issuerTradingSymbol>ASPS</issuerTradingSymbol>
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            <rptOwnerCik>0001621907</rptOwnerCik>
            <rptOwnerName>RITTS GREGORY J.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.</rptOwnerStreet1>
            <rptOwnerStreet2>33, BOULEVARD PRINCE HENRI</rptOwnerStreet2>
            <rptOwnerCity>LUXEMBOURG</rptOwnerCity>
            <rptOwnerState>N4</rptOwnerState>
            <rptOwnerZipCode>L-1724</rptOwnerZipCode>
            <rptOwnerStateDescription>LUXEMBOURG</rptOwnerStateDescription>
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            <isDirector>false</isDirector>
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            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>Chief Legal/Compliance Officer</officerTitle>
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    <footnotes>
        <footnote id="F1">Each restricted share unit (&quot;RSU&quot;) represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. (&quot;ASPS&quot;) common stock.</footnote>
        <footnote id="F2">Mr. Ritts was granted 46,854 RSUs based on the 30-day average closing share price of ASPS common stock preceding the grant date of February 20, 2024. The RSUs were granted to Mr. Ritts as annual incentive compensation for the 2023 service year (&quot;2023 Annual Incentive Compensation&quot;) based upon the Board approved bonus pool funding level and his personal scorecard performance. Altisource determined to pay 100% of the 2023 Annual Incentive Compensation in RSUs; 80% of the RSUs will vest on the first anniversary of the February 20, 2024 grant date (i.e., February 20, 2025) and the remaining 20% of the RSUs will vest on the second anniversary of the grant date (i.e., February 20, 2026).</footnote>
        <footnote id="F3">On February 20, 2024, Mr. Ritts was granted 19,072 time-based RSUs under the Altisource 2024 Long Term Incentive Plan (&quot;LTIP&quot;).</footnote>
        <footnote id="F4">The time-based RSUs are scheduled to vest in three equal installments on the first three anniversaries of the grant date (i.e., February 20, 2025; February 20, 2026 and February 20, 2027).</footnote>
        <footnote id="F5">On February 20, 2024, Mr. Ritts was granted 19,072 performance-based RSUs under the Altisource 2024 LTIP.</footnote>
        <footnote id="F6">The performance-based RSUs vest following the third anniversary of the Grant Date (i.e., February 20, 2027) subject to the level of achievement described herein. The number of performance-based RSUs that will vest is based on (i) Company performance against designated financial metrics, as established by the Compensation Committee, for each year during the 2024 - 2026 performance period (the &quot;Performance Period&quot;) (which performance may increase or decrease the number of RSUs), and (ii) Total Shareholder Return compared to the Russell 2000 Index over the Performance Period (which performance may further increase or decrease the number of RSUs).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Teresa L. Szupello, Attorney-in-Fact</signatureName>
        <signatureDate>2024-02-22</signatureDate>
    </ownerSignature>
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