Form 4: Mr. Cooper Group CEO, Jesse K. Bray, Executes Stock Transactions Following PSU Vesting

Mr. Cooper Group Inc.'s CEO, Jesse K. Bray, reports the vesting of performance stock units and subsequent stock transactions.

Summary

• On March 8, 2024, Jesse K. Bray, CEO of Mr. Cooper Group Inc., had 168,666 performance stock units (PSUs) vest and convert into an equal number of common stock shares.
• These PSUs vested based on the achievement of total shareholder return (TSR) performance criteria determined to have been satisfied on the same date.
• Bray also disposed of 66,371 shares to cover tax withholding obligations related to the PSU vesting at a price of $72.01 per share.
• Following these transactions, Bray directly owns 926,001 shares of common stock and indirectly owns 359,631 shares through The Jesse K. Bray Living Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of PSUs indicates the achievement of performance targets, which is a positive signal. The sale of shares for tax obligations is a normal part of the process.

Positives

• The vesting of PSUs indicates that the company met its total shareholder return (TSR) performance targets, which is generally a positive sign.

Negatives

• The disposal of 66,371 shares to cover tax obligations, while a normal occurrence, slightly reduces the CEO's direct holdings in the company.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often tied to performance-based compensation plans. The vesting of PSUs suggests that the company's performance, as measured by TSR, has met the required targets.

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a positive sign, indicating that the company is meeting its performance goals.
• Employees may be motivated by the achievement of TSR targets, as it reflects positively on their collective efforts.

Key Dates