Derek Stark - Jan 2, 2022 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role
Chief Legal Officer
Signature
/s/ Derek Stark
Stock symbol
PFSI
Transactions as of
Jan 2, 2022
Transactions value $
-$33,425
Form type
4
Date filed
1/4/2022, 03:50 PM
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Tax liability -$33.4K -479 -0.86% $69.78 55.4K Jan 2, 2022 Direct F1, F2

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) 6.65K Jan 2, 2022 Common Stock 6.65K $58.85 Direct F3
holding PFSI Nonstatutory Stock Option (Right to Buy) 11.9K Jan 2, 2022 Common Stock 11.9K $35.03 Direct F4
holding PFSI Nonstatutory Stock Option (Right to Buy) 7.68K Jan 2, 2022 Common Stock 7.68K $24.40 Direct F5
holding PFSI Nonstatutory Stock Option (Right to Buy) 6.93K Jan 2, 2022 Common Stock 6.93K $18.05 Direct F6
holding PFSI Nonstatutory Stock Option (Right to Buy) 8.09K Jan 2, 2022 Common Stock 8.09K $22.92 Direct F7
holding PFSI Nonstatutory Stock Option (Right to Buy) 13.5K Jan 2, 2022 Common Stock 13.5K $59.68 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld for taxes upon vesting of restricted stock units.
F2 The reported amount consists of 4,748 restricted stock units and 50,687 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F3 This nonstatutory stock option to purchase 6,652 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.
F4 This nonstatutory stock option to purchase 11,882 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.
F5 This nonstatutory stock option to purchase 7,684 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.
F6 This nonstatutory stock option to purchase 6,925 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.
F7 This nonstatutory stock option to purchase 8,086 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.
F8 This nonstatutory stock option to purchase 13,506 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.