Richard J. Bradfield - 22 May 2024 Form 3 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role
EVP, Strategic Initiatives
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Richard J. Bradfield
Issuer symbol
ONIT
Transactions as of
22 May 2024
Net transactions value
$0
Form type
3
Filing time
24 May 2024, 16:15:39 UTC
Next filing
18 Mar 2025
SEC
View on sec.gov

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
holding OCN Restricted Stock Units 22 May 2024 Common Stock 5,262 Direct F1, F2, F3
holding OCN Restricted Stock Units 22 May 2024 Common Stock 5,262 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock on the applicable vesting date.
F2 On March 29, 2024, the reporting person was granted 5,262 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.
F3 Not applicable.
F4 On March 29, 2024, the reporting person was granted 5,262 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. 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.

Remarks:

See Exhibit 24 - Power of Attorney.