DAVID SPECTOR - 31 Oct 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
Issuer symbol
PFSI
Transactions as of
31 Oct 2022
Net transactions value
-$1,352,809
Form type
4
Filing time
02 Nov 2022, 19:40:51 UTC
Previous filing
08 Sep 2022
Next filing
14 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Options Exercise $856,657 +40,735 +6% $21.03 721,121 31 Oct 2022 Direct F1
transaction PFSI Common Stock Sale $2,209,466 -40,735 -5.6% $54.24 680,386 31 Oct 2022 Direct F2, F3
holding PFSI Common Stock 465,604 31 Oct 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
transaction PFSI Nonstatutory Stock Option (Right to Buy) Options Exercise $0 -40,735 -100% $0.000000* 0 31 Oct 2022 Common Stock 40,735 $21.03 Direct F4
* 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 54,856 restricted stock units and 666,265 of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F2 The price reported is the weighted average price of multiple transactions ranging from $54.00 to $54.9745. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of Issuer the number of Common Stock and the price at which the transactions were effected.
F3 The price reported is the weighted average price of multiple transactions ranging from $55.00 to $55.01. 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.
F4 The nonstatutory stock option to purchase 40,735 shares of Common Stock of the Issuer will vest as to on-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.