Glen A. Messina - 29 Mar 2024 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role: President & CEO, Director
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for Glen A. Messina
Issuer symbol: ONIT
Transactions as of: 29 Mar 2024
Net transactions value: -$306,780
Form type: 4
Filing time: 02 Apr 2024, 16:15:26 UTC
Previous filing: 05 Mar 2024
Next filing: 05 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCN	Common Stock	Options Exercise		+24,510	+9.6%		280,293	31 Mar 2024	Direct	F1, F2
transaction	OCN	Common Stock	Tax liability	$306,780	-11,358	-4.1%	$27.01	268,935	31 Mar 2024	Direct	F2, F3

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	-24,510	-50%	$0.000000	24,510	31 Mar 2024	Common Stock	24,510		Direct	F1, F4
transaction	OCN	Restricted Stock Units	Award	$0	+76,540		$0.000000	76,540	29 Mar 2024	Common Stock	76,540		Direct	F4, F5
transaction	OCN	Restricted Stock Units	Award	$0	+76,540		$0.000000	76,540	29 Mar 2024	Common Stock	76,540		Direct	F4, F6

* 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 73,529 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.
F2	Includes 23,554 shares held jointly with spouse.
F3	Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F4	Not applicable.
F5	On March 29, 2024, the reporting person was granted 76,540 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.
F6	On March 29, 2024, the reporting person was granted 76,540 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.