AI assistant
ONITY GROUP INC. — Director's Dealing 2024
Mar 5, 2024
33237_dirs_2024-03-05_538b00b6-2c53-490a-9084-2662d0358c00.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2024-03-02
Reporting Person: Grunenwald Francois (SVP & Chief Account. Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-02 | Common Stock | M | 1175 | — | Acquired | 1175 | Direct |
| 2024-03-02 | Common Stock | D | 1175 | — | Disposed | 0 | Direct |
| 2024-03-02 | Common Stock | M | 3845 | — | Acquired | 3845 | Direct |
| 2024-03-02 | Common Stock | D | 3845 | — | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-02 | Restricted Stock Units | $ | M | 1175 | Disposed | Common Stock (1175) | Direct | |
| 2024-03-02 | Restricted Stock Units | $ | M | 3845 | Disposed | Common Stock (3845) | Direct |
Footnotes
F1: On March 2, 2021, the reporting person was granted 3,524 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant. 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. The reported transactions reflect the settlement in cash pursuant to the terms of the award of 1,175 restricted stock units that vested pursuant to the award on March 2, 2024. On March 1, 2024, the last trading day prior to the vesting date, the closing price of OCN common stock was $26.10.
F2: On March 2, 2021, the reporting person was granted 3,525 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. On March 2, 2024, the award vested at 109% of target 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. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 3,845 restricted stock units that vested pursuant to the award on March 2, 2024. On March 1, 2024, the last trading day prior to the vesting date, the closing price of OCN common stock was $26.10.
F3: Not applicable.