David Spector - Jan 13, 2022 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
Jan 13, 2022
Transactions value $
-$1,042,813
Form type
4
Date filed
1/14/2022, 05:17 PM
Previous filing
Dec 8, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Sale -$1.03M -14.8K -2.14% $69.51 677K Jan 13, 2022 Direct F1, F2, F3
transaction PFSI Common Stock Sale -$15.5K -220 -0.03% $70.25 676K Jan 13, 2022 Direct F1, F4, F5
holding PFSI Common Stock 466K Jan 13, 2022 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) 53.6K Jan 13, 2022 Common Stock 53.6K $58.85 Direct F6
holding PFSI Nonstatutory Stock Option (Right to Buy) 59.5K Jan 13, 2022 Common Stock 59.5K $35.03 Direct F7
holding PFSI Nonstatutory Stock Option (Right to Buy) 140K Jan 13, 2022 Common Stock 140K $59.68 Direct F8
holding PFSI Nonstatutory Stock Option (Right to Buy) 55.5K Jan 13, 2022 Common Stock 55.5K $22.92 Direct F9
holding PFSI Nonstatutory Stock Option (Right to Buy) 52.9K Jan 13, 2022 Common Stock 52.9K $24.40 Direct F10
holding PFSI Nonstatutory Stock Option (Right to Buy) 69.3K Jan 13, 2022 Common Stock 69.3K $18.05 Direct F11
holding PFSI Nonstatutory Stock Option (Right to Buy) 71.2K Jan 13, 2022 Common Stock 71.2K $11.28 Direct F12
holding PFSI Nonstatutory Stock Option (Right to Buy) 61.1K Jan 13, 2022 Common Stock 61.1K $17.52 Direct F13
holding PFSI Nonstatutory Stock Option (Right to Buy) 72.3K Jan 13, 2022 Common Stock 72.3K $17.26 Direct F14
holding PFSI Nonstatutory Stock Option (Right to Buy) 40.7K Jan 13, 2022 Common Stock 40.7K $21.03 Direct F15
* 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 $69.12 to $70.07. 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 30,432 restricted stock units and 646,125 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 $70.17 to $70.25. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
F5 The reported amount consists of 30,432 restricted stock units and 645,905 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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.
F11 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.
F12 This nonstatutory stock option to purchase 71,161 shares of Class A 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.
F13 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.
F14 This nonstatutory stock option to purchase 72,301 shares of Class A 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.
F15 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.