Grunenwald Francois sold OCN
March 2, 2024 · Form 4 insider transaction
Grunenwald Francois sold 1,175 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 3 days after the transaction.
Footnotes
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.