Gregory L. Hendry - Feb 23, 2022 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role
MD, Chief Accounting Officer
Signature
/s/ Derek W. Stark, attorney-in-fact for Mr. Hendry
Stock symbol
PFSI
Transactions as of
Feb 23, 2022
Transactions value $
-$72,040
Form type
4
Date filed
2/25/2022, 07:28 PM
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 +612 +1.42% $0.00 43.6K Feb 23, 2022 Direct F1, F2
transaction PFSI Common Stock Options Exercise $0 +3.27K +7.49% $0.00 46.9K Feb 23, 2022 Direct F3, F4
transaction PFSI Common Stock Tax liability -$72K -1.24K -2.65% $58.05 45.7K 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 Performance-Based Restricted Stock Units Award $0 +3.27K $0.00 3.27K Feb 23, 2022 Common Stock 3.27K Direct F3
transaction PFSI Performance-Based Restricted Stock Units Options Exercise $0 -3.27K -100% $0.00* 0 Feb 23, 2022 Common Stock 3.27K Direct F3
holding PFSI Nonstatutory Stock Option (Right to Buy) 2.18K Feb 23, 2022 Common Stock 2.18K $24.40 Direct F7
holding PFSI Nonstatutory Stock Option (Right to Buy) 2.94K Feb 23, 2022 Common Stock 2.94K $18.05 Direct F8
holding PFSI Nonstatutory Stock Option (Right to Buy) 3.53K Feb 23, 2022 Common Stock 3.53K $11.28 Direct F9
holding PFSI Nonstatutory Stock Option (Right to Buy) 3.03K Feb 23, 2022 Common Stock 3.03K $17.52 Direct F10
holding PFSI Nonstatutory Stock Option (Right to Buy) 3.08K Feb 23, 2022 Common Stock 3.08K $17.26 Direct F11
holding PFSI Nonstatutory Stock Option (Right to Buy) 2.02K Feb 23, 2022 Common Stock 2.02K $21.03 Direct F12
* 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 2,838 restricted stock units and 40,785 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 2,838 restricted stock units and 44,053 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 2,838 restricted stock units and 42,812 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 2,177 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.
F8 This nonstatutory stock option to purchase 2,943 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 3,530 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.
F10 This nonstatutory stock option to purchase 3,032 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 3,077 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.
F12 This nonstatutory stock option to purchase 2,018 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.