Dennis Zeleny - Mar 10, 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
EVP & Chief Admin. Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Dennis Zeleny
Stock symbol
OCN
Transactions as of
Mar 10, 2022
Transactions value $
$0
Form type
4
Date filed
3/14/2022, 04:15 PM
Previous filing
Mar 4, 2022
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 +6.09K +418.21% 7.54K Mar 10, 2022 Direct F1, F2
transaction OCN Common Stock Disposed to Issuer -6.09K -80.7% 1.46K Mar 10, 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 -6.09K -100% $0.00* 0 Mar 10, 2022 Common Stock 6.09K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 10, 2020, the reporting person was granted 6,085 restricted stock units scheduled to vest on March 10, 2022, subject to the reporting person's continued employment on the vesting date 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 6,085 restricted stock units that vested pursuant to the award on March 10, 2022. On March 10, 2022, the closing price of OCN common stock was $24.97.
F3 Not applicable.