Johnson Kurt G 4
4 · Mr. Cooper Group Inc. · Filed Mar 4, 2024
Insider Transaction Report
Form 4
Johnson Kurt G
EVP & Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2024-03-01$71.28/sh−4,239$302,156→ 59,407 total - Award
Common Stock
2024-03-01+10,522→ 69,929 total - Award
2024 Performance Stock Units
2024-03-01+10,522→ 10,522 total→ Common Stock (10,522 underlying)
Footnotes (3)
- [F1]Number of shares forfeited to pay tax withholding obligations upon the vesting of restricted stock units ("RSUs") granted by the Issuer under its 2019 Omnibus Incentive Plan.
- [F2]Represents a RSU award to the Reporting Person pursuant to Issuer's 2019 Omnibus Incentive Plan and is subject to the terms and conditions of the award agreement. Each RSU represents a contingent right to receive one share of Issuer's Common Stock. One-third of such RSUs shall vest on each of the first three anniversaries of the grant date; provided that the executive officer remains continuously employed by the Company through each such applicable vesting date.
- [F3]Represents a grant of a target number of performance share units ("PSUs") which are eligible to vest and be settled into shares of Common Stock in an amount between 0% and 200% of the target based on achievement of relative total shareholder return and annualized tangible book value growth performance vesting criteria over a period of three years from January 1, 2024 through December 31, 2026, 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, 2027.