4//SEC Filing
Long Joseph B 4
Accession 0001493152-21-005394
CIK 0000873860other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 5:09 PM ET
Size
8.8 KB
Accession
0001493152-21-005394
Insider Transaction Report
Form 4
Long Joseph B
EVP, Capital Markets
Transactions
- Award
Restricted Stock Units
2021-03-02+4,113→ 4,113 total→ Common Stock (4,113 underlying) - Award
Restricted Stock Units
2021-03-02+4,113→ 4,113 total→ Common Stock (4,113 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of OCN common stock on the vesting date, provided that if the issuance of shares would cause any applicable share limit under the Issuer's 2017 Performance Incentive Plan to be exceeded, the reporting person shall receive a cash payment equal to the closing price of one share of OCN common stock on the vesting date.
- [F2]On March 2, 2021, the reporting person was granted 4,113 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 March 2, 2021, the reporting person was granted 4,113 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 2, 2024 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.
Documents
Issuer
OCWEN FINANCIAL CORP
CIK 0000873860
Entity typeother
Related Parties
1- filerCIK 0001548602
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 5:09 PM ET
- Size
- 8.8 KB