Yanoti Timothy J 4
4 · OCWEN FINANCIAL CORP · Filed Apr 1, 2020
Insider Transaction Report
Form 4
Yanoti Timothy J
EVP & Chief Growth Officer
Transactions
- Award
Restricted Stock Units
2020-03-30+250,000→ 250,000 total→ Common Stock (250,000 underlying) - Award
Restricted Stock Units
2020-03-30+250,000→ 250,000 total→ Common Stock (250,000 underlying)
Footnotes (4)
- [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 30, 2020, the reporting person was granted 250,000 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 30, 2023 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.
- [F3]Not applicable.
- [F4]On March 30, 2020, the reporting person was granted 250,000 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second and third anniversaries of grant.