Alberino J. Celini - 29 Mar 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
31 Mar 2022, 16:15:49 UTC
Prior SEC filing
14 Mar 2022
Next SEC filing
04 Apr 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Leah E. Hutton, Attorney-in-Fact for Alberino J. Celini

Key filing fact

Alberino J. Celini filed Form 4 for OCWEN FINANCIAL CORP (ONIT) on 31 Mar 2022.

Key facts

  • This page summarizes Alberino J. Celini's Form 4 filing for OCWEN FINANCIAL CORP (ONIT).
  • 6 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 31 Mar 2022, 16:15.

Change

  • Previous filing in this sequence was filed on 14 Mar 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OCN transaction

Common Stock

Options Exercise

Transaction value
Shares
+916
Change %
+145%
Price
Shares after
1,546
Date
29 Mar 2022
Ownership
Direct
Footnotes
F1
OCN transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-916
Change %
-59%
Price
Shares after
630
Date
29 Mar 2022
Ownership
Direct
Footnotes
F1
OCN transaction

Common Stock

Options Exercise

Transaction value
Shares
+2,200
Change %
+349%
Price
Shares after
2,830
Date
30 Mar 2022
Ownership
Direct
Footnotes
F2
OCN transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-2,200
Change %
-78%
Price
Shares after
630
Date
30 Mar 2022
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OCN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-916
Change %
-100%
Price
$0.000000*
Shares after
0
Date
29 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
916
Exercise price
Footnotes
F1, F3
OCN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-2,200
Change %
-50%
Price
$0.000000
Shares after
2,200
Date
30 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,200
Exercise price
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On March 29, 2019, the reporting person was granted 2,747 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant. 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 applicable vesting date. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transactions reported on this Form 4 reflect the settlement in cash pursuant to the terms of the award of 916 restricted stock units that vested pursuant to the award on March 29, 2022. On March 29, 2022, the closing price of OCN common stock was $24.91.

Footnote F2

On March 30, 2020, the reporting person was granted 6,600 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant. 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 applicable vesting date. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transactions reported on this Form 4 reflect the settlement in cash pursuant to the terms of the award of 2,200 restricted stock units that vested pursuant to the award on March 30, 2022. On March 30, 2022, the closing price of OCN common stock was $24.18.

Footnote F3

Not applicable.

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