Aaron D. Wade - Apr 5, 2023 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
EVP, Chief Investment Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Aaron D. Wade
Stock symbol
OCN
Transactions as of
Apr 5, 2023
Transactions value $
-$46,178
Form type
4
Date filed
4/7/2023, 04:15 PM
Previous filing
Apr 5, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Options Exercise +1.54K 1.54K Apr 5, 2023 Direct F1
transaction OCN Common Stock Tax liability -$20.8K -762 -49.61% $27.26 774 Apr 5, 2023 Direct F2
transaction OCN Common Stock Options Exercise +1.88K +242.89% 2.65K Apr 5, 2023 Direct F3
transaction OCN Common Stock Tax liability -$25.4K -932 -35.12% $27.26 1.72K Apr 5, 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 -1.54K -33.32% $0.00 3.07K Apr 5, 2023 Common Stock 1.54K Direct F1, F4
transaction OCN Restricted Stock Units Options Exercise $0 -1.88K -33.33% $0.00 3.76K Apr 5, 2023 Common Stock 1.88K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 5, 2022, the reporting person was granted 4,610 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 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 April 5, 2022, the reporting person was granted 5,641 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.