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