DeForest B. Soaries Jr. - May 25, 2021 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
Director
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for DeForest B. Soaries, Jr.
Stock symbol
OCN
Transactions as of
May 25, 2021
Transactions value $
$0
Form type
4
Date filed
5/27/2021, 04:16 PM
Previous filing
May 13, 2021
Next filing
May 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Award $0 +3.07K +17.02% $0.00 21.1K May 25, 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 4,981 shares underlying vested RSUs which are not settleable until the six-month anniversary of the director's termination of service, and 1,326 shares underlying vested RSUs which are not settleable until January 1, 2023. All share numbers have been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020.