Francois Grunenwald - Mar 29, 2024 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
Chief Accounting Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Francois Grunenwald
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 0 0% 1.18K Mar 31, 2024 Direct F1
transaction OCN Common Stock Disposed to Issuer -1.18K -100% 0 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 -1.18K -49.98% $0.00 1.18K Mar 31, 2024 Common Stock 1.18K Direct F1, F2
transaction OCN Restricted Stock Units Award $0 +3.86K $0.00 3.86K Mar 29, 2024 Common Stock 3.86K Direct F2, F3
transaction OCN Restricted Stock Units Award $0 +3.86K $0.00 3.86K Mar 29, 2024 Common Stock 3.86K 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 3,544 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 1,181 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 3,855 restricted stock units scheduled to vest in three 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.
F4 On March 29, 2024, the reporting person was granted 3,855 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. 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. 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.