DENNIS ZELENY - 10 Mar 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role: EVP & Chief Admin. Officer
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for Dennis Zeleny
Issuer symbol: ONIT
Transactions as of: 10 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Mar 2022, 16:15:21 UTC
Previous filing: 04 Mar 2022
Next filing: 01 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCN	Common Stock	Options Exercise		+6,085	+418%		7,540	10 Mar 2022	Direct	F1, F2
transaction	OCN	Common Stock	Disposed to Issuer		-6,085	-81%		1,455	10 Mar 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	-6,085	-100%	$0.000000^*	0	10 Mar 2022	Common Stock	6,085		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.