Francois Grunenwald - Apr 3, 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
Apr 3, 2024
Transactions value $
$0
Form type
4
Date filed
4/5/2024, 05:00 PM
Previous filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Options Exercise +1.18K 1.18K Apr 3, 2024 Direct F1
transaction OCN Common Stock Disposed to Issuer -1.18K -100% 0 Apr 3, 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 -33.32% $0.00 2.36K Apr 3, 2024 Common Stock 1.18K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 3, 2023, the reporting person was granted 3,532 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 vesting date. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 1,177 restricted stock units that vested pursuant to the award on April 3, 2024. On April 3, 2024, the closing price of OCN common stock was $24.84.
F2 Not applicable.