Phyllis R. Caldwell - 25 May 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role: Director
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for Phyllis R. Caldwell
Issuer symbol: ONIT
Transactions as of: 25 May 2022
Net transactions value: $0
Form type: 4
Filing time: 27 May 2022, 16:16:25 UTC
Previous filing: 25 May 2022
Next filing: 31 May 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	Award	$0	+2,383	+7.7%	$0.000000	33,507	25 May 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	Award	$0	+2,383		$0.000000	2,383	25 May 2022	Common Stock	2,383		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of restricted stock units representing a contingent right to receive one share of OCN common stock for no additional consideration (RSUs). The RSUs will vest May 25, 2023, subject to certain conditions relating to the reporting person's service as a director of the issuer, and the underlying shares of common stock will be delivered on May 25, 2023.
F2	Does not include 2,383 shares underlying RSUs that will vest May 25, 2023, subject to certain conditions, which are not settleable until the six-month anniversary of the director's termination of service.
F3	On May 25, 2022, the reporting person was granted 2,383 RSUs that will vest May 25, 2023, subject to certain conditions, with respect to which the underlying shares are not settleable until the six-month anniversary of the director's termination of service.
F4	Not applicable