Peach James Andrew 4
4 · OCWEN FINANCIAL CORP · Filed Apr 5, 2024
Insider Transaction Report
Form 4
Peach James Andrew
EVP & Chief Lending Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-04-03−742→ 1,486 total→ Common Stock (742 underlying) - Disposition to Issuer
Common Stock
2024-04-03−742→ 0 total - Exercise/Conversion
Common Stock
2024-04-03+742→ 742 total
Footnotes (2)
- [F1]On April 3, 2023, the reporting person was granted 2,228 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 closing price of one share of OCN common stock on the vesting date. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 742 restricted stock units that vested pursuant to the award on April 3, 2024. On April 3, 2024, the closing price of OCN common stock was $24.84.
- [F2]Not applicable.