Joseph J. Samarias - Mar 2, 2024 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
EVP & Chief Legal Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Joseph J. Samarias
Stock symbol
OCN
Transactions as of
Mar 2, 2024
Transactions value $
-$81,145
Form type
4
Date filed
3/5/2024, 04:16 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 +1.76K +24.79% 8.86K Mar 2, 2024 Direct F1
transaction OCN Common Stock Tax liability -$17.7K -677 -7.64% $26.10 8.18K Mar 2, 2024 Direct F2
transaction OCN Common Stock Options Exercise +5.76K +70.37% 13.9K Mar 2, 2024 Direct F3
transaction OCN Common Stock Tax liability -$63.5K -2.43K -17.45% $26.10 11.5K 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 -1.76K -100% $0.00* 0 Mar 2, 2024 Common Stock 1.76K Direct F1, F4
transaction OCN Restricted Stock Units Options Exercise $0 -5.76K -100% $0.00* 0 Mar 2, 2024 Common Stock 5.76K 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 2, 2021, the reporting person was granted 5,278 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant. 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 5,279 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.
F4 Not applicable.