Jenna D. Evans - Mar 30, 2023 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role: Chief Risk & Compliance
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for Jenna D Evans
Stock symbol: OCN
Transactions as of: Mar 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/3/2023, 04:20 PM
Previous filing: Mar 6, 2023
Next filing: Apr 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCN	Common Stock	Options Exercise		+967	+102%		1.92K	Mar 30, 2023	Direct	F1
transaction	OCN	Common Stock	Disposed to Issuer		-967	-50.5%		948	Mar 30, 2023	Direct	F1
transaction	OCN	Common Stock	Options Exercise		+4.26K	+449.37%		5.21K	Mar 30, 2023	Direct	F2
transaction	OCN	Common Stock	Disposed to Issuer		-4.26K	-81.8%		948	Mar 30, 2023	Direct	F2
transaction	OCN	Common Stock	Options Exercise		+646	+68.14%		1.59K	Mar 31, 2023	Direct	F4
transaction	OCN	Common Stock	Disposed to Issuer		-646	-40.53%		948	Mar 31, 2023	Direct	F4

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	-967	-100%	$0.00^*	0	Mar 30, 2023	Common Stock	967		Direct	F1, F3
transaction	OCN	Restricted Stock Units	Options Exercise	$0	-4.26K	-100%	$0.00^*	0	Mar 30, 2023	Common Stock	4.26K		Direct	F2, F3
transaction	OCN	Restricted Stock Units	Options Exercise	$0	-646	-33.3%	$0.00	1.29K	Mar 31, 2023	Common Stock	646		Direct	F3, F4

* 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 2,900 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 transaction reported reflects the settlement in cash pursuant to the terms of the award of 967 restricted stock units that vested pursuant to the award on March 30, 2023. On March 30, 2023, the closing price of OCN common stock was $25.92.
F2	On March 30, 2020, the reporting person was granted a target of 2,900 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. On March 30, 2023, the award vested at 147% of target 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. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 4,260 restricted stock units that vested pursuant to the award on March 30, 2023. On March 30, 2023, the closing price of OCN common stock was $25.92.
F3	Not applicable.
F4	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. 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. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 646 restricted stock units that vested pursuant to the award on March 31, 2023. On March 31, 2023, the closing price of OCN common stock was $27.12.