Jesse K. Bray - Mar 1, 2022 Form 4 Insider Report for Mr. Cooper Group Inc. (COOP)

Role
Chief Executive Officer, Director
Signature
Katherine K. Connell, Attorney-in-Fact
Stock symbol
COOP
Transactions as of
Mar 1, 2022
Transactions value $
-$5,077,970
Form type
4
Date filed
3/3/2022, 04:48 PM
Previous filing
Feb 25, 2022
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COOP Common Stock Tax liability -$5.08M -102K -8.99% $49.85 1.03M Mar 1, 2022 Direct F1
transaction COOP Common Stock Award $0 +68.9K +6.68% $0.00 1.1M Mar 1, 2022 Direct F2
holding COOP Common Stock 435K Mar 1, 2022 By The Jesse K. Bray Living Trust

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 COOP 2022 Performance Stock Units Award $0 +64.8K $0.00 64.8K Mar 1, 2022 Common Stock 64.8K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Number of shares forfeited to pay tax withholding obligations upon the vesting of restricted stock units ("RSUs") granted pursuant to the Nationstar Mortgage Holdings Inc. Second Amended and Restated 2012 Incentive Compensation Plan.
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 Reporting Person remains continuously employed by the Company through each such applicable vesting date.
F3 Represents a grant of a target number of performance stock units ("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 TSR performance vesting criteria over a period of three years from March 1, 2022, with one-third of the PSUs eligible to vest based on TSR performance through March 1, 2023.