Form 4: Mr. Cooper Group Inc. Executive Weinbach Michael S. Reports Changes in Beneficial Ownership

Michael S. Weinbach, President of Mr. Cooper Group Inc., reports acquisition and disposal of common stock and performance stock units.

Summary

• On March 1, 2025, Michael S. Weinbach, President of Mr. Cooper Group Inc., reported changes in beneficial ownership.
• Weinbach disposed of 4,770 shares of common stock to cover tax withholding obligations at a price of $112.37 per share.
• He also acquired 18,911 shares of common stock through a restricted stock unit (RSU) award.
• Additionally, Weinbach was granted 18,911 performance stock units (PSUs) that will vest based on performance criteria over a three-year period.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing primarily reflects routine compensation-related transactions. The grant of RSUs and PSUs is a positive sign, but the vesting is contingent on performance.

Positives

• The grant of RSUs and PSUs to the reporting person suggests confidence in the company's future performance.

Risks

• The vesting of PSUs is contingent on achieving specific performance targets, which may not be met.

Future Outlook

The performance stock units (PSUs) are eligible to vest between 0% and 200% of the target number of shares based on the achievement of relative TSR and annualized tangible book value growth performance vesting criteria over a period of three years from January 1, 2025 through December 31, 2027, with 100% of the PSUs eligible to vest on the later of (a) the date Issuer's Compensation Committee certifies the achievement of the performance hurdles and (b) March 1, 2028.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• RSUs and PSUs are common forms of executive compensation in the financial services industry, aligning executive incentives with company performance and shareholder value.
• The vesting criteria based on TSR and tangible book value growth are standard metrics used to evaluate executive performance in the industry.

Stakeholder Impact

• The equity grants aim to align management's interests with those of shareholders by incentivizing performance that drives shareholder value.

Key Dates