Form 4: Kevin Stein Acquires and Disposes of Ocwen Financial Corp Stock

Director Kevin Stein acquired 4,792 shares of Ocwen Financial Corp stock as restricted stock units and disposed of 24,798 shares held indirectly through a trust.

Summary

• On May 28, 2024, Kevin Stein, a director of Ocwen Financial Corp, acquired 4,792 shares of common stock in the form of restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of OCN common stock for no additional consideration.
• The RSUs will vest on May 28, 2025, contingent upon Stein's continued service as a director.
• The underlying shares of common stock will be delivered on May 28, 2025.
• Stein also disposed of 24,798 shares of common stock held indirectly through The Kevin Stein Rev Living Trust U/A 4/30/19, where Kevin and Robin Stein are the trustees.
• Following these transactions, Stein directly owns 9,216 shares of Ocwen Financial Corp stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The RSUs will vest on May 28, 2025, contingent upon Stein's continued service as a director.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, providing transparency to investors regarding the trading activities of key personnel.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates