Weinbach Michael S 4
4 · Mr. Cooper Group Inc. · Filed Mar 4, 2025
Insider Transaction Report
Form 4
Weinbach Michael S
President
Transactions
- Award
Common Stock
2025-03-01+18,911→ 59,200 total - Award
2025 Performance Stock Units
2025-03-01+18,911→ 18,911 total→ Common Stock (18,911 underlying) - Tax Payment
Common Stock
2025-03-01$112.37/sh−4,770$536,005→ 40,289 total
Footnotes (3)
- [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.
- [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.
- [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 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.