SEC Filing Summary: New Residential Investment Corp. (NRZ)
Business Context and Reporting Period
This Form 8-K was filed by New Residential Investment Corp. (NRZ) on June 4, 2019, reporting an event that occurred on May 31, 2019. The filing pertains to an insider transaction involving the Company's Chairman, CEO, and President, Michael Nierenberg.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a disclosure of an executive stock option exercise and does not contain financial performance data.
Material Changes
On May 31, 2019, Michael Nierenberg exercised options relating to Company common stock, increasing his holdings by approximately 52,000 shares. The transaction was net settled, and no shares were sold into the market.
Guidance, Outlook, and Risks
The filing contains no management commentary, guidance, outlook, or discussion of risks and contingencies. The Company explicitly states it undertakes no obligation to file similar reports in the future except as required by law.
Investor Verification Checklist
- Verify the details of the option exercise in Michael Nierenberg's Form 4 filed on June 4, 2019.
- Confirm the net settlement terms and the absence of market sales for the 52,000 shares.
- Note that this filing does not reflect changes in the Company's financial position or operational results.