David Spector - Aug 9, 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
Aug 9, 2021
Transactions value $
-$1,025,095
Form type
4
Date filed
8/11/2021, 06:54 PM
Previous filing
Jul 19, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Sale -$574K -8.45K -1.1% $67.92 758K Aug 9, 2021 Direct F1, F2, F3
transaction PFSI Common Stock Sale -$442K -6.42K -0.85% $68.87 751K Aug 9, 2021 Direct F1, F4, F5
transaction PFSI Common Stock Sale -$8.75K -126 -0.02% $69.46 751K Aug 9, 2021 Direct F1, F6, F7
holding PFSI Common Stock 466K Aug 9, 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 Aug 9, 2021 Common Stock 40.7K $21.03 Direct F8
holding PFSI Nonstatutory Stock Option (Right to Buy) 72.3K Aug 9, 2021 Common Stock 72.3K $17.26 Direct F9
holding PFSI Nonstatutory Stock Option (Right to Buy) 61.1K Aug 9, 2021 Common Stock 61.1K $17.52 Direct F10
holding PFSI Nonstatutory Stock Option (Right to Buy) 71.2K Aug 9, 2021 Common Stock 71.2K $11.28 Direct F11
holding PFSI Nonstatutory Stock Option (Right to Buy) 69.3K Aug 9, 2021 Common Stock 69.3K $18.05 Direct F12
holding PFSI Nonstatutory Stock Option (Right to Buy) 52.9K Aug 9, 2021 Common Stock 52.9K $24.40 Direct F13
holding PFSI Nonstatutory Stock Option (Right to Buy) 55.5K Aug 9, 2021 Common Stock 55.5K $22.92 Direct F14
holding PFSI Nonstatutory Stock Option (Right to Buy) 140K Aug 9, 2021 Common Stock 140K $59.68 Direct F15
holding PFSI Nonstatutory Stock Option (Right to Buy) 59.5K Aug 9, 2021 Common Stock 59.5K $35.03 Direct F16
holding PFSI Nonstatutory Stock Option (Right to Buy) 53.6K Aug 9, 2021 Common Stock 53.6K $58.85 Direct F17
* 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 price reported is the weighted average price of multiple transactions ranging from $67.41 to $68.40. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
F3 The reported amount consists of 29,982 restricted stock units and 727,903 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F4 The price reported is the weighted average price of multiple transactions ranging from $68.44 to $69.41. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
F5 The reported amount consists of 29,982 restricted stock units and 721,481 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F6 The price reported is the weighted average price of multiple transactions ranging from $69.45 to $69.49. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
F7 The reported amount consists of 29,982 restricted stock units and 721,355 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F8 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.
F9 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.
F10 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.
F11 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.
F12 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.
F13 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.
F14 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.
F15 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.
F16 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.
F17 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.