Jacques J. Busquet - 25 May 2021 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role
Director
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Jacques J. Busquet
Issuer symbol
ONIT
Transactions as of
25 May 2021
Net transactions value
$0
Form type
4
Filing time
27 May 2021, 16:15:42 UTC
Next filing
17 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Award $0 +3,071 +16% $0.000000 21,862 25 May 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units representing a contingent right to receive one share of OCN common stock for no additional consideration (RSUs). The RSUs will vest May 25, 2022, subject to certain conditions relating to the reporting person's service as a director of the issuer, and the underlying shares of common stock will be delivered on May 25, 2022.
F2 Does not include 4,166 shares underlying vested RSUs which will be delivered on June 1, 2022. All share numbers have been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020.