Glen A. Messina - Oct 4, 2021 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
President & CEO, Director
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Glen A. Messina
Stock symbol
OCN
Transactions as of
Oct 4, 2021
Transactions value $
-$291,109
Form type
4
Date filed
10/5/2021, 05:13 PM
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Options Exercise +17K +23.96% 87.9K Oct 4, 2021 Direct F1, F2
transaction OCN Common Stock Tax liability -$226K -7.87K -8.96% $28.76 80K Oct 4, 2021 Direct F2, F3
transaction OCN Common Stock Options Exercise +4.85K +6.07% 84.9K Oct 4, 2021 Direct F2, F4
transaction OCN Common Stock Tax liability -$64.7K -2.25K -2.65% $28.76 82.6K Oct 4, 2021 Direct F2, F3

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 OCN Restricted Stock Units Options Exercise $0 -17K -100% $0.00* 0 Oct 4, 2021 Common Stock 17K Direct F1
transaction OCN Restricted Stock Units Options Exercise $0 -4.85K -100% $0.00* 0 Oct 4, 2021 Common Stock 4.85K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 4, 2018, the reporting person was granted 50,970 Restricted Stock Units ("RSUs") representing a contingent right to receive one share of OCN common stock scheduled to vest in three equal annual installments commencing October 4, 2019 subject to the reporting person's continued employment. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020 (the "Reverse Split").
F2 Includes 20,554 shares held jointly with spouse.
F3 Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F4 On October 4, 2018, the reporting person was granted 14,563 RSUs scheduled to vest in three equal annual installments commencing October 4, 2019 subject to the reporting person's continued employment. Share number has been adjusted to give effect to the Reverse Split.