Donald J. White - Mar 2, 2023 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role
Chief Risk Officer
Signature
/s/ Derek W. Stark, attorney-in-fact for Mr. White
Stock symbol
PFSI
Transactions as of
Mar 2, 2023
Transactions value $
-$98,805
Form type
4
Date filed
3/2/2023, 08:15 PM
Previous filing
Mar 1, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Options Exercise $0 +4.49K +68.01% $0.00 11.1K Mar 2, 2023 Direct F1, F2
transaction PFSI Common Stock Sale -$98.8K -1.63K -14.69% $60.62 9.47K Mar 2, 2023 Direct F3, F4

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 +4.49K $0.00 4.49K Mar 2, 2023 Common Stock 4.49K Direct F1
transaction PFSI Performance-Based Restricted Stock Units Options Exercise $0 -4.49K -100% $0.00* 0 Mar 2, 2023 Common Stock 4.49K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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%.
F2 The reported amount consists of 3,080 restricted stock units and 8,019 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F3 Represents shares required to be sold to cover tax withholding obligations in connection with the vesting of performance-based restricted stock units.
F4 The reported amount consists of 3,080 restricted stock units and 6,389 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.