Form 4: Mr. Cooper Group EVP Carlos Pelayo Reports Stock Transactions

Carlos Pelayo, EVP & Chief Legal Officer of Mr. Cooper Group Inc., reports the acquisition and disposal of company stock related to restricted stock units.

Summary

• On March 1, 2025, Carlos Pelayo, EVP & Chief Legal Officer of Mr. Cooper Group Inc., reported transactions involving the company's common stock.
• Pelayo disposed of 2,772 shares to cover tax withholding obligations at a price of $112.37 per share.
• He also acquired 3,444 shares through a restricted stock unit (RSU) award under the company's 2019 Omnibus Incentive Plan.
• Following these transactions, Pelayo beneficially owns 18,170 shares of Mr. Cooper Group Inc. common stock.
• The RSU award vests in three equal installments on the first three anniversaries of the grant date, contingent upon continued employment.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine stock transactions related to executive compensation. There are no indications of unusual or concerning activity.

Positives

• The acquisition of shares through the RSU award indicates confidence in the company's future performance.

Future Outlook

The RSU award vests over three years, contingent on continued employment, suggesting a long-term commitment from the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates