Jenna D. Evans - Nov 1, 2022 Form 3 Insider Report for OCWEN FINANCIAL CORP (OCN)

Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Jenna D. Evans
Stock symbol
OCN
Transactions as of
Nov 1, 2022
Transactions value $
$0
Form type
3
Date filed
11/7/2022, 03:15 PM
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OCN Common Stock 948 Nov 1, 2022 Direct

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
holding OCN Restricted Stock Units Nov 1, 2022 Common Stock 967 Direct F1, F2, F3
holding OCN Restricted Stock Units Nov 1, 2022 Common Stock 2.9K Direct F1, F3, F4
holding OCN Restricted Stock Units Nov 1, 2022 Common Stock 1.1K Direct F1, F3, F5
holding OCN Restricted Stock Units Nov 1, 2022 Common Stock 1.65K Direct F1, F3, F6
holding OCN Restricted Stock Units Nov 1, 2022 Common Stock 1.94K Direct F1, F3, F7
holding OCN Restricted Stock Units Nov 1, 2022 Common Stock 1.94K Direct F1, F3, F8
* 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 applicable vesting date.
F2 On March 30, 2020, the reporting person was granted 2,900 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant subject to the reporting person's continued employment and certain other conditions. Share number has been adjusted to give effect to the Issuer's one-for-15 reverse stock split effective August 13, 2020.
F3 Not applicable.
F4 On March 30, 2020, the reporting person was granted 2,900 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 30, 2023 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. Share number has been adjusted to give effect to the Issuer's one-for-15 reverse stock split effective August 13, 2020.
F5 On March 2, 2021, the reporting person was granted 1,654 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.
F6 On March 2, 2021, the reporting person was granted 1,654 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 2, 2024 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.
F7 On March 31, 2022, the reporting person was granted 1,940 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.
F8 On March 31, 2022, the reporting person was granted 1,940 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.

Remarks:

See Exhibit 24 - Power of Attorney.