0001493152-20-005615.txt : 20200401
0001493152-20-005615.hdr.sgml : 20200401
20200401161525
ACCESSION NUMBER: 0001493152-20-005615
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200330
FILED AS OF DATE: 20200401
DATE AS OF CHANGE: 20200401
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Yanoti Timothy J
CENTRAL INDEX KEY: 0001759735
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13219
FILM NUMBER: 20765559
MAIL ADDRESS:
STREET 1: 1661 WORTHINGTON ROAD
STREET 2: SUITE 100
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33409
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: OCWEN FINANCIAL CORP
CENTRAL INDEX KEY: 0000873860
STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
IRS NUMBER: 650039856
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1661 WORTHINGTON ROAD
STREET 2: SUITE 100
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33409
BUSINESS PHONE: 561-682-8000
MAIL ADDRESS:
STREET 1: 1661 WORTHINGTON ROAD
STREET 2: SUITE 100
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33409
FORMER COMPANY:
FORMER CONFORMED NAME: OCWEN FINANCIAL Corp
DATE OF NAME CHANGE: 20110224
FORMER COMPANY:
FORMER CONFORMED NAME: OCWEN FINANCIAL CORP
DATE OF NAME CHANGE: 19960516
4
1
ownership.xml
X0306
4
2020-03-30
0
0000873860
OCWEN FINANCIAL CORP
OCN
0001759735
Yanoti Timothy J
1661 WORTHINGTON ROAD, SUITE 100
WEST PALM BEACH
FL
33409
0
1
0
0
EVP & Chief Growth Officer
Restricted Stock Units
2020-03-30
4
A
0
250000
0
A
Common Stock
250000
250000
D
Restricted Stock Units
2020-03-30
4
A
0
250000
0
A
Common Stock
250000
250000
D
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.
On March 30, 2020, the reporting person was granted 250,000 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 30, 2023 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.
Not applicable.
On March 30, 2020, the reporting person was granted 250,000 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second and third anniversaries of grant.
/s/ Michael J. Stanton, Attorney-in-Fact for Timothy J. Yanoti
2020-04-01