James Follette - Dec 11, 2023 Form 4 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
Dec 11, 2023
Transactions value $
-$1,075,003
Form type
4
Date filed
12/12/2023, 08:08 PM
Previous filing
Mar 7, 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 $134K +5.84K +46.81% $22.92 18.3K Dec 11, 2023 Direct F1
transaction PFSI Common Stock Options Exercise $540K +15.4K +84.11% $35.03 33.7K Dec 11, 2023 Direct F2
transaction PFSI Common Stock Sale -$470K -5.84K -17.32% $80.42 27.9K Dec 11, 2023 Direct F3
transaction PFSI Common Stock Sale -$1.24M -15.4K -55.25% $80.42 12.5K Dec 11, 2023 Direct F3
transaction PFSI Common Stock Sale -$40.1K -499 -4% $80.42 12K Dec 11, 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 Nonstatutory Stock Option (Right to Buy) Options Exercise $0 -5.84K -100% $0.00* 0 Dec 11, 2023 Common Stock 5.84K $22.92 Direct F5
transaction PFSI Nonstatutory Stock Option (Right to Buy) Options Exercise $0 -15.4K -100% $0.00* 0 Dec 11, 2023 Common Stock 15.4K $35.03 Direct F6
holding PFSI Nonstatutory Stock Option (Right to Buy) 20.3K Dec 11, 2023 Common Stock 20.3K $59.68 Direct F7
holding PFSI Nonstatutory Stock Option (Right to Buy) 12.9K Dec 11, 2023 Common Stock 12.9K $58.85 Direct F8
holding PFSI Nonstatutory Stock Option (Right to Buy) 27.6K Dec 11, 2023 Common Stock 27.6K $57.10 Direct F9
holding PFSI Nonstatutory Stock Option (Right to Buy) 11.6K Dec 11, 2023 Common Stock 11.6K $60.74 Direct F10
* 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 11,976 restricted stock units and 6,338 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 reported amount consists of 11,976 restricted stock units and 21,742 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F3 The price reported is the weighted average price of multiple transactions ranging from $80.13 to $80.57. 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 reported amount consists of 11,976 restricted stock units. These restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F5 This nonstatutory stock option to purchase 5,839 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.
F6 This nonstatutory stock option to purchase 15,404 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 committed service through each date.
F7 This nonstatutory stock option to purchase 20,259 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of December 14, 2020, 2021 and 2022, subject to the Reporting Person's committed service through each date.
F8 This nonstatutory stock option to purchase 12,935 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 committed service through each date.
F9 This nonstatutory stock option to purchase 27,645 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 committed service through each date.
F10 This nonstatutory stock option to purchase 11,575 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 24, 2024, 2025 and 2026, subject to the Reporting Person's committed service through each date.