Joseph J. Samarias - 02 Mar 2023 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role
EVP & Chief Legal Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Joseph J. Samarias
Issuer symbol
ONIT
Transactions as of
02 Mar 2023
Net transactions value
-$15,994
Form type
4
Filing time
06 Mar 2023, 16:28:44 UTC
Previous filing
04 Apr 2022
Next filing
03 Apr 2023
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 +1,759 +39% 6,231 02 Mar 2023 Direct F1
transaction OCN Common Stock Tax liability $15,994 -522 -8.4% $30.64 5,709 02 Mar 2023 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 -1,759 -50% $0.000000 1,760 02 Mar 2023 Common Stock 1,759 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 one share of OCN common stock on the vesting date.
F2 Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F3 On March 2, 2021, the reporting person was granted 5,278 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.
F4 Not applicable.