Daniel Stanley Perotti - Dec 11, 2023 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role
Chief Financial Officer
Signature
/s/ Derek W. Stark, attorney-in-fact for Mr. Perotti
Stock symbol
PFSI
Transactions as of
Dec 11, 2023
Transactions value $
-$1,068,873
Form type
4
Date filed
12/12/2023, 08:15 PM
Previous filing
Nov 16, 2023
Next filing
Dec 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Options Exercise $291K +16.9K +55.63% $17.26 47.2K Dec 11, 2023 Direct F1
transaction PFSI Common Stock Sale -$1.36M -16.9K -35.75% $80.58 30.3K Dec 11, 2023 Direct F2, F3
holding PFSI Common Stock 273K Dec 11, 2023 The Perotti 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 -16.9K -100% $0.00* 0 Dec 11, 2023 Common Stock 16.9K $17.26 Direct F4
holding PFSI Nonstatutory Stock Option (Right to Buy) 35.8K Dec 11, 2023 Common Stock 35.8K $57.10 Direct F5
holding PFSI Nonstatutory Stock Option (Right to Buy) 12.9K Dec 11, 2023 Common Stock 12.9K $60.74 Direct F6
holding PFSI Nonstatutory Stock Option (Right to Buy) 16.5K Dec 11, 2023 Common Stock 16.5K $17.52 Direct F7
holding PFSI Nonstatutory Stock Option (Right to Buy) 16.6K Dec 11, 2023 Common Stock 16.6K $11.28 Direct F8
holding PFSI Nonstatutory Stock Option (Right to Buy) 22.5K Dec 11, 2023 Common Stock 22.5K $18.05 Direct F9
holding PFSI Nonstatutory Stock Option (Right to Buy) 17.2K Dec 11, 2023 Common Stock 17.2K $24.40 Direct F10
holding PFSI Nonstatutory Stock Option (Right to Buy) 18.1K Dec 11, 2023 Common Stock 18.1K $22.92 Direct F11
holding PFSI Nonstatutory Stock Option (Right to Buy) 13.5K Dec 11, 2023 Common Stock 13.5K $59.68 Direct F12
holding PFSI Nonstatutory Stock Option (Right to Buy) 23.1K Dec 11, 2023 Common Stock 23.1K $35.03 Direct F13
holding PFSI Nonstatutory Stock Option (Right to Buy) 12.9K Dec 11, 2023 Common Stock 12.9K $58.85 Direct F14
* 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 14,364 restricted stock units and 32,860 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 at prices ranging from $80.31 to $80.67. 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 14,364 restricted stock units and 15,979 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 16,881 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 35,792 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.
F6 This nonstatutory stock option to purchase 12,862 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.
F7 This nonstatutory stock option to purchase 16,481 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.
F8 This nonstatutory stock option to purchase 16,615 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.
F9 This nonstatutory stock option to purchase 22,506 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.
F10 This nonstatutory stock option to purchase 17,204 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.
F11 This nonstatutory stock option to purchase 18,098 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.
F12 This nonstatutory stock option to purchase 13,506 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, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each lapse date.
F13 This nonstatutory stock option to purchase 23,105 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.
F14 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 continued service through each date.