Sean Bradley O'Neil - Jun 13, 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
EVP & Chief Financial Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Sean B. O'Neil
Stock symbol
OCN
Transactions as of
Jun 13, 2022
Transactions value $
$0
Form type
4
Date filed
6/14/2022, 04:15 PM
Next filing
Apr 5, 2023

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 OCN Restricted Stock Units Award $0 +13.1K $0.00 13.1K Jun 13, 2022 Common Stock 13.1K Direct F1, F2, F3
transaction OCN Restricted Stock Units Award $0 +13.1K $0.00 13.1K Jun 13, 2022 Common Stock 13.1K Direct F1, F3, F4
transaction OCN Restricted Stock Units Award $0 +51.5K $0.00 51.5K Jun 13, 2022 Common Stock 51.5K Direct F1, F3, F5
* 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 vesting date.
F2 On June 13, 2022, the reporting person was granted 13,094 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 June 13, 2022, the reporting person was granted 13,094 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 June 13, 2025 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.
F5 On June 13, 2022, the reporting person was granted 51,546 restricted stock units scheduled to vest in four approximately equal annual installments on the first, second, third and fourth anniversaries of grant, subject to the reporting person's continued employment and certain other conditions.