Glen A. Messina - Mar 2, 2024 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
President & CEO, Director
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Glen A. Messina
Stock symbol
OCN
Transactions as of
Mar 2, 2024
Transactions value $
-$972,590
Form type
4
Date filed
3/5/2024, 04:16 PM
Previous filing
Aug 2, 2023
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Options Exercise +19.2K +9.1% 230K Mar 2, 2024 Direct F1, F2
transaction OCN Common Stock Tax liability -$228K -8.72K -3.79% $26.10 222K Mar 2, 2024 Direct F2, F3
transaction OCN Common Stock Options Exercise +62.8K +28.36% 284K Mar 2, 2024 Direct F2, F4
transaction OCN Common Stock Tax liability -$745K -28.5K -10.04% $26.10 256K Mar 2, 2024 Direct F2, F3

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 Options Exercise $0 -19.2K -100% $0.00* 0 Mar 2, 2024 Common Stock 19.2K Direct F1, F5
transaction OCN Restricted Stock Units Options Exercise $0 -62.8K -100% $0.00* 0 Mar 2, 2024 Common Stock 62.8K Direct 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, 2021, the reporting person was granted 57,586 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant. Each restricted stock unit represents a contingent right to receive one share of OCN common stock on the vesting date.
F2 Includes 23,554 shares held jointly with spouse.
F3 Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F4 On March 2, 2021, the reporting person was granted 57,587 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. On March 2, 2024, the award vested at 109% of target 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 Not applicable.