Jesse K. Bray - Mar 23, 2023 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 23, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/27/2023, 04:28 PM
Previous filing: Mar 10, 2023
Next filing: Mar 29, 2023

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	2023 Performance Stock Units	Award	$0	+83.2K		$0.00	83.2K	Mar 23, 2023	Common Stock	83.2K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of a target number of performance share units ("PSUs") which are eligible to vest and be settled into shares of Common Stock in an amount between 0% and 200% of the target based on achievement of tangible book value and relative TSR vesting criteria over a period of three years from January 1, 2023 to December 31, 2025. The PSUs are eligible to vest on the later of (a) the date Issuer's Compensation Committee certifies the achievement of the performance hurdles and (b) March 1, 2026.

Content

Represents a grant of a target number of performance share units ("PSUs") which are eligible to vest and be settled into shares of Common Stock in an amount between 0% and 200% of the target based on achievement of tangible book value and relative TSR vesting criteria over a period of three years from January 1, 2023 to December 31, 2025. The PSUs are eligible to vest on the later of (a) the date Issuer's Compensation Committee certifies the achievement of the performance hurdles and (b) March 1, 2026.