DENNIS ZELENY - 29 Mar 2024 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role
EVP & Chief Admin Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Dennis Zeleny
Issuer symbol
ONIT
Transactions as of
29 Mar 2024
Net transactions value
-$26,038
Form type
4
Filing time
02 Apr 2024, 16:15:33 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 +2,451 +24% 12,484 31 Mar 2024 Direct F1
transaction OCN Common Stock Tax liability $26,038 -964 -7.7% $27.01 11,520 31 Mar 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 -2,451 -50% $0.000000 2,451 31 Mar 2024 Common Stock 2,451 Direct F1, F3
transaction OCN Restricted Stock Units Award $0 +11,481 $0.000000 11,481 29 Mar 2024 Common Stock 11,481 Direct F3, F4
transaction OCN Restricted Stock Units Award $0 +11,481 $0.000000 11,481 29 Mar 2024 Common Stock 11,481 Direct F3, F5
* 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 7,352 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 Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F3 Not applicable.
F4 On March 29, 2024, the reporting person was granted 11,481 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.
F5 On March 29, 2024, the reporting person was granted 11,481 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.