Gregory L. Hendry - Dec 8, 2023 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Signature
/s/ Derek W. Stark, attorney-in-fact for Mr. Hendry
Stock symbol
PFSI
Transactions as of
Dec 8, 2023
Transactions value $
-$190,766
Form type
4
Date filed
12/12/2023, 08:11 PM
Previous filing
Apr 3, 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 $53.1K +3.08K +6.52% $17.26 50.3K Dec 8, 2023 Direct F1
transaction PFSI Common Stock Sale -$244K -3.08K -6.12% $79.26 47.2K Dec 8, 2023 Direct F2, F3

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 -3.08K -100% $0.00* 0 Dec 8, 2023 Common Stock 3.08K $17.26 Direct F4
holding PFSI Nonstatutory Stock Option (Right to Buy) 2.18K Dec 8, 2023 Common Stock 2.18K $24.40 Direct F5
holding PFSI Nonstatutory Stock Option (Right to Buy) 2.94K Dec 8, 2023 Common Stock 2.94K $18.05 Direct F6
holding PFSI Nonstatutory Stock Option (Right to Buy) 3.53K Dec 8, 2023 Common Stock 3.53K $11.28 Direct F7
holding PFSI Nonstatutory Stock Option (Right to Buy) 3.03K Dec 8, 2023 Common Stock 3.03K $17.52 Direct F8
holding PFSI Nonstatutory Stock Option (Right to Buy) 1.03K Dec 8, 2023 Common Stock 1.03K $60.74 Direct F9
* 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 1,017 restricted stock units and 49,242 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 $79.11 to $79.34. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
F3 The reported amount consists of 1,017 restricted stock units and 46,165 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F4 This nonstatutory stock option to purchase 3,077 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.
F5 This nonstatutory stock option to purchase 2,177 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.
F6 This nonstatutory stock option to purchase 2,943 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.
F7 This nonstatutory stock option to purchase 3,530 shares of 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.
F8 This nonstatutory stock option to purchase 3,032 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 continued service through each date.
F9 This nonstatutory stock option to purchase 1,028 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 continued service through each date.