4//SEC Filing
Grunenwald Francois 4
Accession 0001493152-24-012799
CIK 0000873860other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 4:15 PM ET
Size
14.5 KB
Accession
0001493152-24-012799
Insider Transaction Report
Form 4
Grunenwald Francois
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2024-03-31+0→ 1,181 total - Disposition to Issuer
Common Stock
2024-03-31−1,181→ 0 total - Exercise/Conversion
Restricted Stock Units
2024-03-31−1,181→ 1,182 total→ Common Stock (1,181 underlying) - Award
Restricted Stock Units
2024-03-29+3,855→ 3,855 total→ Common Stock (3,855 underlying) - Award
Restricted Stock Units
2024-03-29+3,855→ 3,855 total→ Common Stock (3,855 underlying)
Footnotes (4)
- [F1]On March 31, 2022, the reporting person was granted 3,544 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. Each restricted stock unit represents a contingent right to receive a cash payment equal to the 1,181 restricted stock units that vested pursuant to the award on March 31, 2024. On March 31, 2024, the closing price of OCN common stock was $27.01.
- [F2]Not applicable.
- [F3]On March 29, 2024, the reporting person was granted 3,855 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to the reporting person's continued employment 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.
- [F4]On March 29, 2024, the reporting person was granted 3,855 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. 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. Between 0% and 200% of the target number of units will be eligible to vest on March 29, 2027 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 0001785585
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 4:15 PM ET
- Size
- 14.5 KB