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ONITY GROUP INC. — Director's Dealing 2024
Apr 2, 2024
33237_dirs_2024-04-02_dc26d8c0-808d-4299-b9bc-4b85642442a9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2024-03-29
Reporting Person: ZELENY DENNIS (EVP & Chief Admin Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-31 | Common Stock | M | 2451 | — | Acquired | 12484 | Direct |
| 2024-03-31 | Common Stock | F | 964 | $27.01 | Disposed | 11520 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-31 | Restricted Stock Units | $ | M | 2451 | Disposed | Common Stock (2451) | Direct | |
| 2024-03-29 | Restricted Stock Units | $ | A | 11481 | Acquired | Common Stock (11481) | Direct | |
| 2024-03-29 | Restricted Stock Units | $ | A | 11481 | Acquired | Common Stock (11481) | Direct |
Footnotes
F1: On March 31, 2022, the reporting person was granted 7,352 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive one share of OCN common stock on the vesting date.
F2: Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F3: Not applicable.
F4: On March 29, 2024, the reporting person was granted 11,481 restricted stock units scheduled to vest in three equal annual installments on the first, second, and third anniversaries of grant subject to continued employment and certain other conditions. Each restricted stock unit represents a contingent right to receive one share of OCN common stock on the vesting date.
F5: On March 29, 2024, the reporting person was granted 11,481 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. 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.