Francois Grunenwald - Mar 31, 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 31, 2022
Transactions value $
$0
Form type
4
Date filed
4/4/2022, 05:23 PM
Previous filing
Apr 1, 2022
Next filing
Aug 16, 2022

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 Award $0 +3.54K $0.00 3.54K Mar 31, 2022 Common Stock 3.54K Direct F1, F2, F3
transaction OCN Restricted Stock Units Award $0 +3.54K $0.00 3.54K Mar 31, 2022 Common Stock 3.54K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 vesting date.
F2 On March 31, 2022, the reporting person was granted 3,544 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant, subject to the reporting person's continued employment and certain other conditions.
F3 Not applicable.
F4 On March 31, 2022, the reporting person was granted 3,544 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. Between 0% and 200% of the target number of units will be eligible to vest on March 31, 2025 based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement periods.