Aaron D. Wade - Jul 31, 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
Jul 31, 2023
Transactions value $
$0
Form type
4
Date filed
8/2/2023, 04:30 PM
Previous filing
Apr 7, 2023
Next filing
Apr 2, 2024

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 +6.06K $0.00 6.06K Jul 31, 2023 Common Stock 6.06K Direct F1, F2, F3
* 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 On July 31, 2023, the reporting person was granted 6,058 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 50% and 150% of the target number of units will be eligible to vest on July 31, 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 the designated measurement date.
F3 Not applicable.