0001493152-24-008857.txt : 20240305
0001493152-24-008857.hdr.sgml : 20240305
20240305161537
ACCESSION NUMBER: 0001493152-24-008857
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240302
FILED AS OF DATE: 20240305
DATE AS OF CHANGE: 20240305
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Grunenwald Francois
CENTRAL INDEX KEY: 0001785585
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13219
FILM NUMBER: 24720586
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]
ORGANIZATION NAME: 02 Finance
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
X0508
4
2024-03-02
0
0000873860
OCWEN FINANCIAL CORP
OCN
0001785585
Grunenwald Francois
1661 WORTHINGTON ROAD,
SUITE 100
WEST PALM BEACH
FL
33409
0
1
0
0
SVP & Chief Account. Officer
0
Common Stock
2024-03-02
4
M
0
1175
A
1175
D
Common Stock
2024-03-02
4
D
0
1175
D
0
D
Common Stock
2024-03-02
4
M
0
3845
A
3845
D
Common Stock
2024-03-02
4
D
0
3845
D
0
D
Restricted Stock Units
2024-03-02
4
M
0
1175
0
D
Common Stock
1175
0
D
Restricted Stock Units
2024-03-02
4
M
0
3845
0
D
Common Stock
3845
0
D
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.
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.
Not applicable.
/s/ Leah E. Hutton, Attorney-in-Fact for Francois Grunenwald
2024-03-05