Form 4: Mr. Cooper Group CEO Jesse K. Bray Sells 25,000 Shares Under 10b5-1 Plan

Mr. Cooper Group's CEO, Jesse K. Bray, sold 25,000 shares of common stock at an average price of $78.79, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 29, 2024, Jesse K. Bray, the CEO of Mr. Cooper Group Inc., sold 25,000 shares of common stock.
• The sale was executed at a weighted average price of $78.79 per share, with individual transactions ranging from $78.20 to $79.29.
• The transaction was conducted under a pre-existing Rule 10b5-1 trading plan adopted by the Jesse K. Bray Living Trust on June 14, 2023.
• Following the transaction, Mr. Bray directly owns 926,001 shares and indirectly owns 309,631 shares through The Jesse K. Bray Living Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a pre-planned stock sale by the CEO. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often part of pre-planned diversification strategies. The use of a 10b5-1 plan suggests the sale was planned well in advance and not based on any inside information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, depending on market perception.
• The sale does not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates