Key facts
- This page summarizes Jesse K. Bray's Form 4 filing for Mr. Cooper Group Inc. (COOP).
- 7 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 04 Mar 2025, 19:47.
Jesse K. Bray - 01 Mar 2025 Form 4 Insider Report for Mr. Cooper Group Inc. (COOP)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- COOP
- Reported as of
- 01 Mar 2025
- Net transaction value
- -$12,011,712
- SEC form
- 4
- Accepted by SEC
- 04 Mar 2025, 19:47:06 UTC
- Prior SEC filing
- 04 Feb 2025
- Next SEC filing
- 02 Apr 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/Katherine K. Connell, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jesse K. Bray filed Form 4 for Mr. Cooper Group Inc. (COOP) on 04 Mar 2025.
Change
- Previous filing in this sequence was filed on 04 Feb 2025.
- Current net transaction value: -$12,011,712.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
COOP
transaction
Common Stock
Tax liability
- Transaction value
- $2,915,552
- Shares
- -25,946
- Change %
- -11%
- Price
- $112.37
- Shares after
- 206,125
- Date
- 01 Mar 2025
- Ownership
- Direct
- Footnotes
- F1
COOP
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +32,260
- Change %
- +16%
- Price
- $0.000000
- Shares after
- 238,385
- Date
- 01 Mar 2025
- Ownership
- Direct
- Footnotes
- F2
COOP
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +129,562
- Change %
- +54%
- Price
- $0.000000
- Shares after
- 367,947
- Date
- 03 Mar 2025
- Ownership
- Direct
- Footnotes
- F3
COOP
transaction
Common Stock
Tax liability
- Transaction value
- $5,728,960
- Shares
- -50,983
- Change %
- -14%
- Price
- $112.37
- Shares after
- 316,964
- Date
- 03 Mar 2025
- Ownership
- Direct
- Footnotes
- F4
COOP
transaction
Common Stock
Sale
- Transaction value
- $3,367,200
- Shares
- -30,000
- Change %
- -4.1%
- Price
- $112.24
- Shares after
- 698,821
- Date
- 03 Mar 2025
- Ownership
- By The Jesse K. Bray Living Trust
- Footnotes
- F5, F6
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
COOP
transaction
Derivative
2025 Performance Stock Units
Award
- Transaction value
- Shares
- +47,834
- Change %
- Price
- Shares after
- 47,834
- Date
- 01 Mar 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 47,834
- Exercise price
- Footnotes
- F7
COOP
transaction
Derivative
2022 Performance Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -129,562
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 03 Mar 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 129,562
- Exercise price
- Footnotes
- F3, F8, F9, F10
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 10 footnotes
Footnote F1
Number of shares forfeited to pay tax withholding obligations upon the vesting of restricted stock units ("RSUs") granted by the Issuer under its 2019 Omnibus Incentive Plan.
Footnote F2
Represents a RSU award to the Reporting Person pursuant to Issuer's 2019 Omnibus Incentive Plan and is subject to the terms and conditions of the award agreement. Each RSU represents a contingent right to receive one share of Issuer's Common Stock. One-third of such RSUs shall vest on each of the first three anniversaries of the grant date; provided that the executive officer remains continuously employed by the Company through each such applicable vesting date.
Footnote F3
On March 3, 2025, 129,562 performance stock units ("PSUs") vested and converted into 129,562 shares of Common Stock, par value $.01 per share, pursuant to the terms of the award agreement dated March 1, 2022, which was subject to the achievement of total shareholder return ("TSR") performance vesting criteria that was determined to have been satisfied on March 3, 2025.
Footnote F4
Number of shares forfeited to pay tax withholding obligations upon the vesting of PSUs granted by the Issuer under the 2019 Omnibus Incentive Plan.
Footnote F5
The sales reported on this Form 4 were effected pursuant to a previously announced Rule 10b5-1 trading plan adopted by the Jesse K. Bray Living Trust (the "Trust") on June 13, 2024.
Footnote F6
The price reported in Column 4 is a weighted average price; the shares were sold in multiple transactions at prices ranging from $109.94 to $113.90, inclusive. Reporting Person, on behalf of the Trust, undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Footnote F7
Represents a grant of a target number of PSUs which are eligible to vest and be settled into shares of Common Stock in an amount between 0% and 200% of the target based on achievement of relative TSR and annualized tangible book value growth performance vesting criteria over a period of three years from January 1, 2025 through December 31, 2027, with 100% of the PSUs eligible to vest on the later of (a) the date Issuer's Compensation Committee certifies the achievement of the performance hurdles and (b) March 1, 2028.
Footnote F8
Converts to Common Stock on a one-for-one basis.
Footnote F9
The number of shares of Common Stock that would be received upon vesting of the PSUs, if any, may vary from 0% to 200% of the number shown depending on specified TSR performance over the relevant vesting period.
Footnote F10
The PSUs vest, if at all and to the extent of specified TSR performance, over a period of three years from March 1, 2022 through December 31, 2024.