Jenna D. Evans - Mar 2, 2024 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
Chief Risk & Compliance
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Jenna Evans
Stock symbol
OCN
Transactions as of
Mar 2, 2024
Transactions value $
$0
Form type
4
Date filed
3/5/2024, 04:15 PM
Previous filing
Aug 2, 2023
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Options Exercise +552 +58.23% 1.5K Mar 2, 2024 Direct F1
transaction OCN Common Stock Disposed to Issuer -552 -36.8% 948 Mar 2, 2024 Direct F1
transaction OCN Common Stock Options Exercise +1.8K +190.19% 2.75K Mar 2, 2024 Direct F2
transaction OCN Common Stock Disposed to Issuer -1.8K -65.54% 948 Mar 2, 2024 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 -552 -100% $0.00* 0 Mar 2, 2024 Common Stock 552 Direct F1, F3
transaction OCN Restricted Stock Units Options Exercise $0 -1.8K -100% $0.00* 0 Mar 2, 2024 Common Stock 1.8K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 2, 2021, the reporting person was granted 1,654 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. The reported transactions reflect the settlement in cash pursuant to the terms of the award of 552 restricted stock units that vested pursuant to the award on March 2, 2024. On March 1, 2024, the last trading day prior to the vesting date, the closing price of OCN common stock was $26.10.
F2 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. On March 2, 2024, the award vested at 109% 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 1,803 restricted stock units that vested pursuant to the award on March 2, 2024. On March 1, 2024, the last trading day prior to the vesting date, the closing price of OCN common stock was $26.10.
F3 Not applicable.