Francois Grunenwald - Mar 2, 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
SVP & Chief Accounting Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Francois Grunenwald
Stock symbol
OCN
Transactions as of
Mar 2, 2022
Transactions value $
$0
Form type
4
Date filed
3/4/2022, 03:59 PM
Previous filing
Aug 17, 2021
Next filing
Apr 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Options Exercise +1.17K 1.17K Mar 2, 2022 Direct F1, F2
transaction OCN Common Stock Disposed to Issuer -1.17K -100% 0 Mar 2, 2022 Direct F1, 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 OCN Restricted Stock Units Options Exercise $0 -1.17K -33.31% $0.00 2.35K Mar 2, 2022 Common Stock 1.17K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 2, 2021, the reporting person was granted 3,524 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant, subject to the reporting person's continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date.
F2 The reported transactions reflect the settlement in cash pursuant to the terms of the award of 1,174 restricted stock units that vested pursuant to the award on March 2, 2022. On March 2, 2022, the closing price of OCN common stock was $28.07.
F3 Not applicable.