James Follette - Apr 1, 2022 Form 3 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role
Chief Mort Fulfillment Off.
Signature
/s/ Derek W. Stark, attorney-in-fact for Mr. Follette
Stock symbol
PFSI
Transactions as of
Apr 1, 2022
Transactions value $
$0
Form type
3
Date filed
4/11/2022, 08:14 PM
Next filing
Nov 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PFSI Common Stock 44.1K Apr 1, 2022 Direct F1

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) Apr 1, 2022 Common Stock 5.84K $22.92 Direct F2
holding PFSI Nonstatutory Stock Option (Right to Buy) Apr 1, 2022 Common Stock 15.4K $35.03 Direct F3
holding PFSI Nonstatutory Stock Option (Right to Buy) Apr 1, 2022 Common Stock 12.9K $58.85 Direct F4
holding PFSI Nonstatutory Stock Option (Right to Buy) Apr 1, 2022 Common Stock 27.6K $57.10 Direct F5
holding PFSI Nonstatutory Stock Option (Right to Buy) Apr 1, 2022 Common Stock 20.3K $59.68 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported amount consists of 13,596 restricted stock units and 30,499 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F2 This nonstatutory stock option to purchase 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 committed service through each date.
F3 This nonstatutory stock option to purchase 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.
F4 This nonstatutory stock option to purchase 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.
F5 This nonstatutory stock option to purchase 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.
F6 This nonstatutory stock option to purchase 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.