Yanoti Timothy J 4
4 · OCWEN FINANCIAL CORP · Filed Apr 2, 2019
Insider Transaction Report
Form 4
Yanoti Timothy J
EVP & Chief Growth Officer
Transactions
- Award
Restricted Stock Units
2019-03-29+137,363→ 137,363 total→ Common Stock (137,363 underlying) - Award
Restricted Stock Units
2019-03-29+137,362→ 137,362 total→ Common Stock (137,362 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date.
- [F2]On March 29, 2019, the reporting person was granted 137,363 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 March 29, 2022 based on the extent to which a pre-established absolute total shareholder return level is met.
- [F3]On March 29, 2019, the reporting person was granted 137,362 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second and third anniversaries of grant.