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

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

Summary

• On March 1, 2024, Carlos Pelayo, EVP & Chief Legal Officer of Mr. Cooper Group Inc., reported transactions involving the company's common stock.
• He disposed of 1,653 shares of common stock at a price of $71.28 per share to cover tax withholding obligations upon the vesting of restricted stock units.
• Pelayo also acquired 5,430 shares of common stock through a restricted stock unit (RSU) award under the company's 2019 Omnibus Incentive Plan.
• Following these transactions, Pelayo beneficially owns 17,498 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: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard executive compensation practices. The RSU award indicates confidence in the company's future performance.

Positives

• The acquisition of 5,430 shares through an RSU award demonstrates continued alignment of executive compensation with company performance.
• The vesting schedule of the RSU award incentivizes long-term employment and commitment to the company.

Future Outlook

The vesting of the RSU award is contingent upon continued employment, suggesting an expectation of Pelayo's continued service to Mr. Cooper Group Inc.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
• Transparency through SEC filings ensures stakeholders are informed about insider transactions.

Key Dates