Ocwen Financial Management
Management criteria checks 3/4
Ocwen Financial's CEO is Glen Messina, appointed in Oct 2018, has a tenure of 5.58 years. total yearly compensation is $6.03M, comprised of 16.1% salary and 83.9% bonuses, including company stock and options. directly owns 3.6% of the company’s shares, worth $6.57M. The average tenure of the management team and the board of directors is 4.8 years and 7 years respectively.
Key information
Glen Messina
Chief executive officer
US$6.0m
Total compensation
| CEO salary percentage | 16.1% |
| CEO tenure | 5.6yrs |
| CEO ownership | 3.6% |
| Management average tenure | 4.8yrs |
| Board average tenure | 7yrs |
Recent management updates
Recent updates
Ocwen Financial Corporation: Need More To Make This A Buy
Jul 18Analysts Are Updating Their Ocwen Financial Corporation (NYSE:OCN) Estimates After Its First-Quarter Results
May 06
Is Now The Time To Put Ocwen Financial (NYSE:OCN) On Your Watchlist?
Mar 02Ocwen Financial names CEO Messina as board chair
Jan 23Ocwen Financial Q3 2022 Earnings Preview
Nov 02Ocwen: Fundamental Stability And Strategy Amidst Market Volatility
Aug 31Time To Worry? Analysts Just Downgraded Their Ocwen Financial Corporation (NYSE:OCN) Outlook
Mar 01Ocwen Financial agrees to acquire Reverse Mortgage Servicing Platform
Jun 18Here's Why Shareholders May Want To Be Cautious With Increasing Ocwen Financial Corporation's (NYSE:OCN) CEO Pay Packet
May 19Ocwen Financial's(NYSE:OCN) Share Price Is Down 70% Over The Past Five Years.
Dec 24Recent developments at Ocwen may generate $80B-$100B new servicing UPB
Dec 22Ocwen Financial Headed In The Right Direction But Wait For Positive Earnings
Dec 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -US$64m |
| Sep 30 2023 | n/a | n/a | -US$96m |
| Jun 30 2023 | n/a | n/a | -US$67m |
| Mar 31 2023 | n/a | n/a | -US$73m |
| Dec 31 2022 | US$6m | US$972k | US$26m |
| Sep 30 2022 | n/a | n/a | US$104m |
| Jun 30 2022 | n/a | n/a | US$88m |
| Mar 31 2022 | n/a | n/a | US$68m |
| Dec 31 2021 | US$7m | US$900k | US$18m |
| Sep 30 2021 | n/a | n/a | US$13m |
| Jun 30 2021 | n/a | n/a | -US$18m |
| Mar 31 2021 | n/a | n/a | -US$6m |
| Dec 31 2020 | US$5m | US$900k | -US$40m |
| Sep 30 2020 | n/a | n/a | US$2m |
| Jun 30 2020 | n/a | n/a | -US$31m |
| Mar 31 2020 | n/a | n/a | -US$123m |
| Dec 31 2019 | US$8m | US$900k | -US$142m |
| Sep 30 2019 | n/a | n/a | -US$181m |
| Jun 30 2019 | n/a | n/a | -US$179m |
| Mar 31 2019 | n/a | n/a | -US$119m |
| Dec 31 2018 | US$8m | US$215k | -US$72m |
Compensation vs Market: Glen's total compensation ($USD6.03M) is above average for companies of similar size in the US market ($USD1.64M).
Compensation vs Earnings: Glen's compensation has been consistent with company performance over the past year.
CEO
Glen Messina (61 yo)
5.6yrs
Tenure
US$6,029,719
Compensation
Mr. Glen A. Messina serves as the President, CEO and Director of Ocwen Financial Corp. since October 4, 2018 and has been its Chair of the Board since January 23, 2023. Mr. Messina serves as President & CE...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Chair of the Board | 5.6yrs | US$6.03m | 3.6% $ 6.6m | |
| Executive VP & CFO | 1.9yrs | US$2.70m | 0.16% $ 297.9k | |
| Executive VP & Chief Investment Officer | 1.4yrs | no data | 0.055% $ 99.7k | |
| Senior VP & Chief Accounting Officer | 4.8yrs | no data | no data | |
| Executive VP & Chief Administrative Officer | 4.8yrs | US$1.48m | 0.17% $ 318.5k | |
| Chief Ethics Officer | 5.1yrs | no data | 0.18% $ 319.4k | |
| Executive VP | 1.6yrs | no data | 0.020% $ 35.6k | |
| Vice President of Business Development and Investor Relations | no data | no data | no data | |
| Executive VP & Chief Servicing Officer | 15.3yrs | US$1.68m | 0.32% $ 578.5k | |
| Executive VP of Originations & Chief Lending Officer | less than a year | no data | no data | |
| Investors Contact | no data | no data | no data |
4.8yrs
Average Tenure
54yo
Average Age
Experienced Management: OCN's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Chair of the Board | 5.6yrs | US$6.03m | 3.6% $ 6.6m | |
| Lead Independent Director | 5.3yrs | US$240.25k | 0.32% $ 578.8k | |
| Independent Director | 5.3yrs | US$226.50k | 0.32% $ 578.8k | |
| Independent Director | 9.3yrs | US$225.25k | 0.35% $ 634.9k | |
| Independent Director | 8.3yrs | US$253.50k | 0.46% $ 835.4k | |
| Independent Director | 9.3yrs | US$304.00k | 0.44% $ 793.7k | |
| Independent Director | less than a year | no data | 0% $ 0 | |
| Independent Director | 9yrs | US$241.50k | 0.35% $ 629.3k |
7.0yrs
Average Tenure
66.5yo
Average Age
Experienced Board: OCN's board of directors are considered experienced (7 years average tenure).