John V. Britti - Mar 10, 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role: EVP & Chief Investment Officer
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for John V. Britti
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: Mar 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCN	Common Stock	Options Exercise		+6.41K	+37.88%		23.3K	Mar 10, 2022	Direct	F2
transaction	OCN	Common Stock	Disposed to Issuer		-6.41K	-27.47%		16.9K	Mar 10, 2022	Direct	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	-6.41K	-100%	$0.00^*	0	Mar 10, 2022	Common Stock	6.41K		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 6,414 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 6,414 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