Dennis Zeleny - 30 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
30 Mar 2022
Net transactions value
$0
Form type
4
Filing time
01 Apr 2022, 16:45:50 UTC
Previous filing
14 Mar 2022
Next filing
04 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 +4,722 +325% 6,177 30 Mar 2022 Direct F1
transaction OCN Common Stock Disposed to Issuer -4,722 -76% 1,455 30 Mar 2022 Direct F1

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 -4,722 -50% $0.000000 4,722 30 Mar 2022 Common Stock 4,722 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 30, 2020, the reporting person was granted 14,166 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant. 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. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transactions reported on this Form 4 reflect the settlement in cash pursuant to the terms of the award of 4,722 restricted stock units that vested pursuant to the award on March 30, 2022. On March 30, 2022, the closing price of OCN common stock was $24.18.
F2 Not applicable.