Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 10, 2022, the Board of Directors (the "Board") of Mr. Cooper Group Inc. (the "Company") appointed Daniela Jorge as a Director of the Company for a term ending at the 2022 annual meeting of stockholders. Ms. Jorge currently serves as Vice President and Chief Design Officer at PayPal, a leading financial technology company and online payments system.

Ms. Jorge's background includes 15 years of leading user experience design at top consumer brands including PayPal, AT&T, eBay and Intuit. Additionally, Ms. Jorge serves on the board of directors of BayBrazil, a non-profit technology company, and as a board advisor at Loft Brasil, Tecnologia LTDA, a privately-held Brazilian real estate digital platform company.

For her service on the Board, Ms. Jorge will receive a $125,000 annual fee for each twelve-month period that she serves on the Board. On May 19, 2022, the date of the Company's annual stockholders meeting, Ms. Jorge will be granted restricted stock units with a fair market value of $110,000 and will receive an additional grant of $27,500 of restricted stock units for her service on the Board from February through April. The restricted stock units vest on the earlier of (i) the first anniversary of the grant date or (ii) the date of the Company's next annual stockholders meeting following the grant date.

A copy of the press release announcing Ms. Jorge's appointment is attached as Exhibit 99.1

Item 9.01 Financial Statements and Exhibits.


  (d) Exhibits

    99.1     Press release of Mr. Cooper Group Inc., dated February 10, 2022

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