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Maverick Merger Sub 2, LLC — Director's Dealing 2023
Nov 3, 2023
30445_dirs_2023-11-03_0a6f2e98-cfab-4d92-8a96-0f88d4b6fb97.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Mr. Cooper Group Inc. (COOP)
CIK: 0000933136
Period of Report: 2023-11-01
Reporting Person: Bray Jesse K (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-01 | Common Stock | A | 106139 | — | Acquired | 884414 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-11-01 | 2023 VD Performance Stock Units | $ | A | 159208 | Acquired | Common Stock (159208) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 466051 | Indirect |
Footnotes
F1: Represents a restricted stock unit (RSU) award to the Reporting Person pursuant to Issuer's 2019 Omnibus Incentive Plan and is subject to the terms and conditions of the award agreement. Each RSU represents a contingent right to receive one share of Issuer's Common Stock. Fifty percent of the RSUs will vest on December 31, 2026, and fifty percent will vest on December 31, 2028, provided that Mr. Bray is still employed as Issuer's Chief Executive Officer and/or Chairman of the Board on the applicable vesting dates.
F2: Represents a grant of a target number of performance stock units (PSUs), which are eligible to be settled into shares of Common Stock in an amount between 0% and 200% of the target based on achievement of book value and relative total shareholder return performance vesting criteria with fifty percent (50%) of the PSUs eligible to vest based on performance during the period beginning January 1, 2024 through December 31, 2026 and fifty percent (50%) of the PSUs eligible to vest based on performance during the period beginning January 1, 2024 through December 31, 2028. The PSUs are eligible to vest on the later of (i) the date the Issuer's Compensation Committee certifies the achievement of the performance hurdles and (ii) March 1, 2027 in the case of the 3-Year PSUs and March 1, 2029 in the case of the 5-Year PSUs.