Aaron D. Wade - Mar 29, 2024 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
EVP & Chief Investment Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Aaron D. Wade
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
Aug 2, 2023
Next filing
Apr 5, 2024

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 Award $0 +6.17K $0.00 6.17K Mar 29, 2024 Common Stock 6.17K Direct F1, F2
transaction OCN Restricted Stock Units Award $0 +6.17K $0.00 6.17K Mar 29, 2024 Common Stock 6.17K Direct F2, F3
transaction OCN Restricted Stock Units Award $0 +7.41K $0.00 7.41K Mar 29, 2024 Common Stock 7.41K 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 29, 2024, the reporting person was granted 6,171 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 Not applicable.
F3 On March 29, 2024, the reporting person was granted 6,171 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.
F4 On March 29, 2024, the reporting person was granted 7,405 restricted stock units scheduled to vest on September 29, 2025 subject to continued employment and certain other conditions.