David Spector - Feb 24, 2023 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
Stock symbol
PFSI
Transactions as of
Feb 24, 2023
Transactions value $
-$1,590,619
Form type
4
Date filed
3/1/2023, 08:30 AM
Previous filing
Feb 27, 2023
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Award $0 +18.5K +2.85% $0.00 669K Feb 24, 2023 Direct F1
transaction PFSI Common Stock Options Exercise $0 +51.9K +7.76% $0.00 721K Feb 24, 2023 Direct F2
transaction PFSI Common Stock Tax liability -$1.59M -25.7K -3.57% $61.81 695K Feb 24, 2023 Direct F3
holding PFSI Common Stock 466K Feb 24, 2023 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) Award $0 +46.3K $0.00 46.3K Feb 24, 2023 Common Stock 46.3K $60.74 Direct F4
transaction PFSI Performance-Based Restricted Stock Units Award $0 +51.9K $0.00 51.9K Feb 24, 2023 Common Stock 51.9K Direct F2
transaction PFSI Performance-Based Restricted Stock Units Options Exercise $0 -51.9K -100% $0.00* 0 Feb 24, 2023 Common Stock 51.9K Direct F2
* 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 This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 26, 2020 and vested on February 24, 2023, 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 return on equity and leverage ratio performance for the period of January 1, 2020 through December 31, 2022 resulting in a payout percentage for the award of 162%.
F3 Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
F4 This nonstatutory stock option to purchase 46,303 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.