David Spector - Jul 15, 2021 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role: Chairman & CEO, Director
Signature: /s/ Derek W. Stark, attorney-in-fact for Mr. Spector
Stock symbol: PFSI
Transactions as of: Jul 15, 2021
Transactions value $: -$890,430
Form type: 4
Date filed: 7/19/2021, 04:54 PM
Previous filing: Jun 24, 2021
Next filing: Aug 11, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFSI	Common Stock	Sale	-$188K	-3.2K	-0.41%	$58.89	778K	Jul 15, 2021	Direct	F1, F2
transaction	PFSI	Common Stock	Sale	-$702K	-11.8K	-1.52%	$59.49	766K	Jul 15, 2021	Direct	F1, F3
holding	PFSI	Common Stock						466K	Jul 15, 2021	ST Family Investment Company LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	PFSI	Nonstatutory Stock Option (Right to Buy)						40.7K	Jul 15, 2021	Common Stock	40.7K	$21.03	Direct	F4
holding	PFSI	Nonstatutory Stock Option (Right to Buy)						72.3K	Jul 15, 2021	Common Stock	72.3K	$17.26	Direct	F5
holding	PFSI	Nonstatutory Stock Option (Right to Buy)						61.1K	Jul 15, 2021	Common Stock	61.1K	$17.52	Direct	F6
holding	PFSI	Nonstatutory Stock Option (Right to Buy)						71.2K	Jul 15, 2021	Common Stock	71.2K	$11.28	Direct	F7
holding	PFSI	Nonstatutory Stock Option (Right to Buy)						69.3K	Jul 15, 2021	Common Stock	69.3K	$18.05	Direct	F8
holding	PFSI	Nonstatutory Stock Option (Right to Buy)						52.9K	Jul 15, 2021	Common Stock	52.9K	$24.40	Direct	F9
holding	PFSI	Nonstatutory Stock Option (Right to Buy)						55.5K	Jul 15, 2021	Common Stock	55.5K	$22.92	Direct	F10
holding	PFSI	Nonstatutory Stock Option (Right to Buy)						140K	Jul 15, 2021	Common Stock	140K	$59.68	Direct	F11
holding	PFSI	Nonstatutory Stock Option (Right to Buy)						59.5K	Jul 15, 2021	Common Stock	59.5K	$35.03	Direct	F12
holding	PFSI	Nonstatutory Stock Option (Right to Buy)						53.6K	Jul 15, 2021	Common Stock	53.6K	$58.85	Direct	F13

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares of Common Stock were sold pursuant to a 10b5-1 plan.
F2	The reported amount consists of 29,982 restricted stock units and 748,155 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F3	The reported amount consists of 29,982 restricted stock units and 736,355 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F4	This nonstatutory stock option to purchase 40,735 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of June 13, 2014, 2015 and 2016, subject to the Reporting Person's continued service through each date.
F5	This nonstatutory stock option to purchase 72,301 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2015, 2016 and 2017, subject to the Reporting Person's continued service through each date.
F6	This nonstatutory stock option to purchase 61,120 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 3, 2016, 2017 and 2018, subject to the Reporting Person's continued service through each date.
F7	This nonstatutory stock option to purchase 71,161 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date.
F8	This nonstatutory stock option to purchase 69,252 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date.
F9	This nonstatutory stock option to purchase 52,935 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.
F10	This nonstatutory stock option to purchase 55,488 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 15, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each date.
F11	This nonstatutory stock option to purchase 140,464 shares of Common Stock of the Issuer is fully vested but subject to certain transfer restrictions that will lapse in one-third increments on each of December 14, 2021, 2022 and 2023, subject to the Reporting Person's continued service through each lapse date.
F12	This nonstatutory stock option to purchase 59,466 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2021, 2022 and 2023, subject to the Reporting Person's continued service through each date.
F13	This nonstatutory stock option to purchase 53,589 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 25, 2022, 2023 and 2024, subject to the Reporting Person's continued service through each date.