Christopher G. Marshall - Mar 2, 2023 Form 4 Insider Report for Mr. Cooper Group Inc. (COOP)

Role
Vice Chairman & President
Signature
/s/Katherine K. Connell, Attorney-in-Fact
Stock symbol
COOP
Transactions as of
Mar 2, 2023
Transactions value $
-$3,107,856
Form type
4
Date filed
3/6/2023, 03:41 PM
Previous filing
Mar 3, 2023
Next filing
Mar 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COOP Common Stock Options Exercise $0 +169K +22.6% $0.00 915K Mar 2, 2023 Direct F1
transaction COOP Common Stock Tax liability -$3.11M -66.4K -7.25% $46.81 849K Mar 2, 2023 Direct F2

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 2020 Performance Stock Units Options Exercise $0 -169K -100% $0.00* 0 Mar 2, 2023 Common Stock 169K Direct F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 2, 2023, 168,722 performance stock units ("PSUs") vested and converted into 168,722 shares of Common Stock, par value $.01 per share, pursuant to the terms of the award agreement dated March 13, 2020, which was subject to the achievement of total shareholder return ("TSR") performance vesting criteria that was determined to have been satisfied on March 2, 2023.
F2 Number of shares forfeited to pay tax withholding obligations upon the vesting of PSUs granted by the Issuer under the 2019 Omnibus Incentive Plan.
F3 Converts to Common Stock on a one-for-one basis.
F4 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.
F5 The PSUs vest, if at all and to the extent of specified TSR performance, over a period of three years from March 1, 2020, with the final two-thirds of the units eligible to vest based on performance through March 1, 2023.