0001493152-21-020443.txt : 20210817
0001493152-21-020443.hdr.sgml : 20210817
20210817161553
ACCESSION NUMBER: 0001493152-21-020443
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190812
FILED AS OF DATE: 20210817
DATE AS OF CHANGE: 20210817
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Grunenwald Francois
CENTRAL INDEX KEY: 0001785585
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13219
FILM NUMBER: 211182953
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
2019-08-12
0
0000873860
OCWEN FINANCIAL CORP
OCN
0001785585
Grunenwald Francois
1661 WORTHINGTON ROAD
SUITE 100
WEST PALM BEACH
FL
33409
0
1
0
0
Chief Accounting Officer
Common Stock
2020-08-12
4
M
0
1134
A
1134
D
Common Stock
2020-08-12
4
D
0
1134
D
0
D
Common Stock
2021-08-12
4
M
0
1133
A
1133
D
Common Stock
2021-08-12
4
D
0
1133
D
0
D
Restricted Stock Units
2019-08-12
4
A
0
3401
0
A
Common Stock
3401
3401
D
Restricted Stock Units
2019-08-12
4
A
0
3401
0
A
Common Stock
3401
3401
D
Restricted Stock Units
2020-08-12
4
M
0
1134
0
D
Common Stock
1134
2267
D
Restricted Stock Units
2021-08-12
4
M
0
1133
0
D
Common Stock
1133
1134
D
On August 12, 2019, the reporting person was granted 3,401 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant subject to the reporting person's continued employment. 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. All information has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020.
The reported transactions reflect the settlement in cash pursuant to the terms of the award of 1,134 restricted stock units that vested pursuant to the award on August 12, 2020 and were not previously reported. On August 12, 2020, the closing price of OCN common stock was $22.35.
The reported transactions reflect the settlement in cash pursuant to the terms of the award of 1,133 restricted stock units that vested pursuant to the award on August 12, 2021. On August 12, 2021, the closing price of OCN common stock was $29.01.
On August 12, 2019, the reporting person was granted 3,401 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 August 12, 2022 based on the extent to which a pre-established absolute total shareholder return level is met.
Not applicable.
/s/ Leah E. Hutton, Attorney-in-Fact for Francois Grunenwald
2021-08-17