4//SEC Filing
Britti John V. 4
Accession 0001493152-21-007459
CIK 0000873860other
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 4:15 PM ET
Size
15.1 KB
Accession
0001493152-21-007459
Insider Transaction Report
Form 4
Britti John V.
EVP and CFO
Transactions
- Exercise/Conversion
Common Stock
2021-03-29+1,648→ 13,423 total - Disposition to Issuer
Common Stock
2021-03-29−1,648→ 11,775 total - Exercise/Conversion
Common Stock
2021-03-30+3,000→ 14,775 total - Disposition to Issuer
Common Stock
2021-03-30−3,000→ 11,775 total - Exercise/Conversion
Restricted Stock Units
2021-03-29−1,648→ 1,648 total→ Common Stock (1,648 underlying) - Exercise/Conversion
Restricted Stock Units
2021-03-30−3,000→ 6,000 total→ Common Stock (3,000 underlying)
Footnotes (3)
- [F1]On March 29, 2019, the reporting person was granted 4,945 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant. 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. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transactions reported on this Form 4 reflect the settlement in cash pursuant to the terms of the award of 1,648 restricted stock units that vested pursuant to the award on March 29, 2021. On March 29, 2021, the closing price of OCN common stock was $26.99.
- [F2]On March 30, 2020, the reporting person was granted 9,000 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant. 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. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transactions reported on this Form 4 reflect the settlement in cash pursuant to the terms of the award of 3,000 restricted stock units that vested pursuant to the award on March 30, 2021. On March 30, 2021, the closing price of OCN common stock was $27.84.
- [F3]Not applicable.
Documents
Issuer
OCWEN FINANCIAL CORP
CIK 0000873860
Entity typeother
Related Parties
1- filerCIK 0001520971
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 4:15 PM ET
- Size
- 15.1 KB