0001493152-23-010638.txt : 20230403 0001493152-23-010638.hdr.sgml : 20230403 20230403162407 ACCESSION NUMBER: 0001493152-23-010638 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230330 FILED AS OF DATE: 20230403 DATE AS OF CHANGE: 20230403 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Samarias Joseph J CENTRAL INDEX KEY: 0001772062 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13219 FILM NUMBER: 23792981 MAIL ADDRESS: STREET 1: 1661 WORTHINGTON ROAD, SUITE 100 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 X0407 4 2023-03-30 0 0000873860 OCWEN FINANCIAL CORP OCN 0001772062 Samarias Joseph J 1661 WORTHINGTON ROAD, SUITE 100 WEST PALM BEACH FL 33409 0 1 0 0 EVP & Chief Legal Officer 0 Common Stock 2023-03-30 4 M 0 2600 A 8309 D Common Stock 2023-03-30 4 D 0 2600 D 5709 D Common Stock 2023-03-30 4 M 0 11457 A 17166 D Common Stock 2023-03-30 4 D 0 11457 D 5709 D Common Stock 2023-03-31 4 M 0 1838 A 7547 D Common Stock 2023-03-31 4 F 0 448 27.12 D 7099 D Restricted Stock Units 2023-03-30 4 M 0 2600 0 D Common Stock 2600 0 D Restricted Stock Units 2023-03-30 4 M 0 11457 0 D Common Stock 11457 0 D Restricted Stock Units 2023-03-31 4 M 0 1838 0 D Common Stock 1838 3676 D On March 30, 2020, the reporting person was granted 7,800 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. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 2,600 restricted stock units that vested pursuant to the award on March 30, 2023. On March 30, 2023, the closing price of OCN common stock was $25.92. On March 30, 2020, the reporting person was granted a target of 7,800 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. On March 30, 2023, the award vested at 147% 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 11,457 restricted stock units that vested pursuant to the award on March 30, 2023. On March 30, 2023, the closing price of OCN common stock was $25.92. Not applicable. On March 31, 2022, the reporting person was granted 5,514 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. Shares withheld pursuant to terms of the award to cover tax withholding obligations. /s/ Leah E. Hutton, Attorney-in-Fact for Joseph J. Samarias 2023-04-03