Grunenwald Francois sold OCN
April 3, 2024 · Form 4 insider transaction
Grunenwald Francois sold 1,177 shares of Ocwen Financial Corporation, a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
On April 3, 2023, the reporting person was granted 3,532 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. 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 vesting date. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 1,177 restricted stock units that vested pursuant to the award on April 3, 2024. On April 3, 2024, the closing price of OCN common stock was $24.84.