Jesse K. Bray - Mar 8, 2022 Form 4 Insider Report for Mr. Cooper Group Inc. (COOP)

Role
Chief Executive Officer, Director
Signature
Katherine K. Connell, Attorney-in-Fact
Stock symbol
COOP
Transactions as of
Mar 8, 2022
Transactions value $
-$1,571,262
Form type
4
Date filed
3/10/2022, 03:19 PM
Previous filing
Mar 3, 2022
Next filing
Mar 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COOP Common Stock Options Exercise $0 +84.3K +7.67% $0.00 1.18M Mar 8, 2022 Direct F1
transaction COOP Common Stock Tax liability -$1.57M -33.2K -2.8% $47.35 1.15M Mar 8, 2022 Direct F2
holding COOP Common Stock 435K Mar 8, 2022 By The Jesse K. Bray Living Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction COOP 2021 Performance Stock Units Options Exercise $0 -84.3K -66.67% $0.00 42.2K Mar 8, 2022 Common Stock 84.3K Direct F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 8, 2022, 84,330 performance stock units ("PSUs") vested and converted into shares of Common Stock, par value $.01 per share, pursuant to the terms of the award agreement dated March 8, 2021, which was subject to the achievement of total shareholder return ("TSR") performance vesting criteria that was determined to have been satisfied on March 8, 2022.
F2 Number of shares forfeited to pay tax withholding obligations upon the vesting of PSUs granted by the Issuer under the 2019 Omnibus Incentive Plan.
F3 Converts to Common Stock on a one-for-one basis.
F4 The PSUs vest, if at all and to the extent of specified TSR performance, over a period of three years from March 8, 2021, with one-third of the units eligible to vest based on performance through March 1, 2022.
F5 The number of shares of Common Stock that would be received upon vesting of the PSUs, if any, may vary from 0% to 200% of the number shown depending on specified TSR performance over the relevant vesting period.