Jesse K. Bray - 08 Mar 2024 Form 4 Insider Report for Mr. Cooper Group Inc. (COOP)

Role
Chief Executive Officer, Director
Signature
/s/Katherine K. Connell, Attorney-in-Fact
Issuer symbol
COOP
Transactions as of
08 Mar 2024
Net transactions value
-$4,779,376
Form type
4
Filing time
11 Mar 2024, 17:34:36 UTC
Previous filing
04 Mar 2024
Next filing
29 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COOP Common Stock Options Exercise $0 +168,666 +20% $0.000000 992,372 08 Mar 2024 Direct F1
transaction COOP Common Stock Tax liability $4,779,376 -66,371 -6.7% $72.01 926,001 08 Mar 2024 Direct F2
holding COOP Common Stock 359,631 08 Mar 2024 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 -168,666 -100% $0.000000* 0 08 Mar 2024 Common Stock 168,666 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, 2024, 168,666 performance stock units ("PSUs") vested and converted into 168,666 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, 2024.
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 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.
F5 The PSUs vest, if at all and to the extent of specified TSR performance, over a period of three years from March 1, 2021, with the final two-thirds of the units eligible to vest based on performance through March 1, 2024.