Vandad Fartaj - Dec 29, 2022 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role
Chief Investment Officer
Signature
/s/ Derek W. Stark, attorney-in-fact for Mr. Fartaj
Stock symbol
PFSI
Transactions as of
Dec 29, 2022
Transactions value $
-$566,763
Form type
4
Date filed
1/3/2023, 07:06 PM
Previous filing
May 13, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Options Exercise $176K +8.38K +8.72% $21.03 105K Dec 29, 2022 Direct F1
transaction PFSI Common Stock Sale -$480K -8.38K -8.02% $57.22 96.1K Dec 29, 2022 Direct F2
transaction PFSI Common Stock Options Exercise $158K +7.5K +7.8% $21.03 104K Dec 30, 2022 Direct F3
transaction PFSI Common Stock Sale -$421K -7.5K -7.24% $56.16 96.1K Dec 30, 2022 Direct F4, F5
holding PFSI Common Stock 845K Dec 29, 2022 The Fartaj Family Trust

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 -8.38K -52.78% $0.00 7.5K Dec 29, 2022 Common Stock 8.38K $21.03 Direct
transaction PFSI Nonstatutory Stock Option (Right to Buy) Options Exercise $0 -7.5K -100% $0.00* 0 Dec 30, 2022 Common Stock 7.5K $21.03 Direct
holding PFSI Nonstatutory Stock Option (Right to Buy) 28.2K Dec 29, 2022 Common Stock 28.2K $17.26 Direct F7
holding PFSI Nonstatutory Stock Option (Right to Buy) 23.8K Dec 29, 2022 Common Stock 23.8K $17.52 Direct F8
holding PFSI Nonstatutory Stock Option (Right to Buy) 27.8K Dec 29, 2022 Common Stock 27.8K $11.28 Direct F9
holding PFSI Nonstatutory Stock Option (Right to Buy) 27.7K Dec 29, 2022 Common Stock 27.7K $18.05 Direct F10
holding PFSI Nonstatutory Stock Option (Right to Buy) 21.2K Dec 29, 2022 Common Stock 21.2K $24.40 Direct F11
holding PFSI Nonstatutory Stock Option (Right to Buy) 22.5K Dec 29, 2022 Common Stock 22.5K $22.92 Direct F12
holding PFSI Nonstatutory Stock Option (Right to Buy) 54K Dec 29, 2022 Common Stock 54K $59.68 Direct F13
holding PFSI Nonstatutory Stock Option (Right to Buy) 23.8K Dec 29, 2022 Common Stock 23.8K $35.03 Direct F14
holding PFSI Nonstatutory Stock Option (Right to Buy) 17K Dec 29, 2022 Common Stock 17K $58.85 Direct F15
holding PFSI Nonstatutory Stock Option (Right to Buy) 39.7K Dec 29, 2022 Common Stock 39.7K $57.10 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 18,444 restricted stock units and 86,072 shares 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 $57.02 to $57.62. 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 18,444 restricted stock units and 85,190 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 $56.00 to $56.23. 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.
F5 The reported amount consists of 18,444 restricted stock units and 77,690 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 39,722 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.
F7 This nonstatutory stock option to purchase 28,216 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.
F8 This nonstatutory stock option to purchase 23,829 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 committed service through each date.
F9 This nonstatutory stock option to purchase 27,771 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.
F10 This nonstatutory stock option to purchase 27,700 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.
F11 This nonstatutory stock option to purchase 21,174 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.
F12 This nonstatutory stock option to purchase 22,496 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.
F13 This nonstatutory stock option to purchase 54,024 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.
F14 This nonstatutory stock option to purchase 23,765 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.
F15 This nonstatutory stock option to purchase 17,000 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.