Kurt G. Johnson - Mar 1, 2024 Form 4 Insider Report for Mr. Cooper Group Inc. (COOP)

Role
EVP & Chief Financial Officer
Signature
/s/Katherine K. Connell, Attorney-in-Fact
Stock symbol
COOP
Transactions as of
Mar 1, 2024
Transactions value $
-$302,156
Form type
4
Date filed
3/4/2024, 06:01 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COOP Common Stock Tax liability -$302K -4.24K -6.66% $71.28 59.4K Mar 1, 2024 Direct F1
transaction COOP Common Stock Award $0 +10.5K +17.71% $0.00 69.9K Mar 1, 2024 Direct F2

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 2024 Performance Stock Units Award +10.5K 10.5K Mar 1, 2024 Common Stock 10.5K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Number of shares forfeited to pay tax withholding obligations upon the vesting of restricted stock units ("RSUs") granted by the Issuer under its 2019 Omnibus Incentive Plan.
F2 Represents a RSU award to the Reporting Person pursuant to Issuer's 2019 Omnibus Incentive Plan and is subject to the terms and conditions of the award agreement. Each RSU represents a contingent right to receive one share of Issuer's Common Stock. One-third of such RSUs shall vest on each of the first three anniversaries of the grant date; provided that the executive officer remains continuously employed by the Company through each such applicable vesting date.
F3 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 relative total shareholder return and annualized tangible book value growth performance vesting criteria over a period of three years from January 1, 2024 through December 31, 2026, with 100% of the PSUs 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, 2027.