Derek Stark - Feb 23, 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
Feb 23, 2022
Transactions value $
-$168,635
Form type
4
Date filed
2/25/2022, 07:25 PM
Previous filing
Feb 22, 2022
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Award $0 +7.23K +13.04% $0.00 62.7K Feb 23, 2022 Direct F1, F2
transaction PFSI Common Stock Options Exercise $0 +8.41K +13.42% $0.00 71.1K Feb 23, 2022 Direct F3, F4
transaction PFSI Common Stock Tax liability -$169K -2.91K -4.09% $58.05 68.2K Feb 23, 2022 Direct F5, F6

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
transaction PFSI Nonstatutory Stock Option (Right to Buy) Award $0 +21K $0.00 21K Feb 23, 2022 Common Stock 21K $57.10 Direct F7
transaction PFSI Performance-Based Restricted Stock Units Award $0 +8.41K $0.00 8.41K Feb 23, 2022 Common Stock 8.41K Direct F3
transaction PFSI Performance-Based Restricted Stock Units Options Exercise $0 -8.41K -100% $0.00* 0 Feb 23, 2022 Common Stock 8.41K Direct F3
holding PFSI Nonstatutory Stock Option (Right to Buy) 6.65K Feb 23, 2022 Common Stock 6.65K $58.85 Direct F8
holding PFSI Nonstatutory Stock Option (Right to Buy) 11.9K Feb 23, 2022 Common Stock 11.9K $35.03 Direct F9
holding PFSI Nonstatutory Stock Option (Right to Buy) 13.5K Feb 23, 2022 Common Stock 13.5K $59.68 Direct F10
holding PFSI Nonstatutory Stock Option (Right to Buy) 8.09K Feb 23, 2022 Common Stock 8.09K $22.92 Direct F11
holding PFSI Nonstatutory Stock Option (Right to Buy) 7.68K Feb 23, 2022 Common Stock 7.68K $24.40 Direct F12
holding PFSI Nonstatutory Stock Option (Right to Buy) 6.93K Feb 23, 2022 Common Stock 6.93K $18.05 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of grant, are to be settled in an equal number of shares of Common Stock upon vesting.
F2 The reported amount consists of 11,977 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 performance-based restricted stock unit (PSU) award was granted to the Reporting Person on March 15, 2019 and vested on February 23, 2022, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on PNMAC pre-tax return on equity (ROE) of 38.2% for the period of January 1, 2019 through December 31, 2021 as measured against the ROE target established at the time of grant. The payout percentage for the award based on ROE achievement was 130%.
F4 The reported amount consists of 11,977 restricted stock units and 59,096 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F5 Represents shares withheld for taxes upon vesting of restricted stock units.
F6 The reported amount consists of 11,977 restricted stock units and 56,191 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F7 This nonstatutory stock option to purchase 20,967 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 23, 2023, 2024 and 2025, subject to the Reporting Person's continued service through each date.
F8 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.
F9 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.
F10 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.
F11 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.
F12 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.
F13 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.