Long Joseph B 4
4 · OCWEN FINANCIAL CORP · Filed Mar 14, 2022
Insider Transaction Report
Form 4
Long Joseph B
EVP, Capital Markets
Transactions
- Exercise/Conversion
Common Stock
2022-03-10+4,934→ 6,707 total - Disposition to Issuer
Common Stock
2022-03-10−4,934→ 1,773 total - Exercise/Conversion
Restricted Stock Units
2022-03-10−4,934→ 0 total→ Common Stock (4,934 underlying)
Footnotes (3)
- [F1]On September 10, 2020, the reporting person was granted 4,934 restricted stock units scheduled to vest on March 10, 2022, subject to the reporting person's continued employment on the vesting date and certain other conditions. 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]The reported transactions reflect the settlement in cash pursuant to the terms of the award of 4,934 restricted stock units that vested pursuant to the award on March 10, 2022. On March 10, 2022, the closing price of OCN common stock was $24.97.
- [F3]Not applicable