Jenna D. Evans - Mar 29, 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 29, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/2/2024, 04:15 PM
Previous filing: Mar 5, 2024
Next filing: Apr 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCN	Common Stock	Options Exercise		+647	+68.25%		1.6K	Mar 31, 2024	Direct	F1
transaction	OCN	Common Stock	Disposed to Issuer		-647	-40.56%		948	Mar 31, 2024	Direct	F1

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	-647	-50%	$0.00	647	Mar 31, 2024	Common Stock	647		Direct	F1, F2
transaction	OCN	Restricted Stock Units	Award	$0	+4.31K		$0.00	4.31K	Mar 29, 2024	Common Stock	4.31K		Direct	F2, F3
transaction	OCN	Restricted Stock Units	Award	$0	+4.31K		$0.00	4.31K	Mar 29, 2024	Common Stock	4.31K		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 647 restricted stock units that vested pursuant to the award on March 31, 2024. On March 31, 2024, the closing price of OCN common stock was $27.01.
F2	Not applicable.
F3	On March 29, 2024, the reporting person was granted 4,305 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to 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.
F4	On March 29, 2024, the reporting person was granted 4,305 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Between 0% and 200% of the target number of units will be eligible to vest on March 29, 2027 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.