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ONITY GROUP INC. — Director's Dealing 2024
May 24, 2024
33237_dirs_2024-05-24_8b8aeb7a-5280-4a9c-9a17-c161efe0f7b0.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2024-05-22
Reporting Person: Bradfield Richard J. (EVP, Strategic Initiatives)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (5262) | Direct | ||
| Restricted Stock Units | $ | Common Stock (5262) | Direct |
Footnotes
F1: Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock on the applicable vesting date.
F2: On March 29, 2024, the reporting person was granted 5,262 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.
F3: Not applicable.
F4: On March 29, 2024, the reporting person was granted 5,262 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. 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.