Derek Stark - Dec 14, 2023 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role
Chief Legal Officer
Signature
/s/ Derek Stark
Stock symbol
PFSI
Transactions as of
Dec 14, 2023
Transactions value $
-$497,682
Form type
4
Date filed
12/15/2023, 08:43 PM
Previous filing
Jun 5, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Options Exercise $125K +6.93K +24.55% $18.05 35.1K Dec 14, 2023 Direct F1
transaction PFSI Common Stock Sale -$623K -6.93K -19.71% $89.92 28.2K Dec 14, 2023 Direct F2, 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 -6.93K -100% $0.00* 0 Dec 14, 2023 Common Stock 6.93K $18.05 Direct F5
holding PFSI Nonstatutory Stock Option (Right to Buy) 21K Dec 14, 2023 Common Stock 21K $57.10 Direct F6
holding PFSI Nonstatutory Stock Option (Right to Buy) 7.2K Dec 14, 2023 Common Stock 7.2K $60.74 Direct F7
holding PFSI Nonstatutory Stock Option (Right to Buy) 7.68K Dec 14, 2023 Common Stock 7.68K $24.40 Direct F8
holding PFSI Nonstatutory Stock Option (Right to Buy) 8.09K Dec 14, 2023 Common Stock 8.09K $22.92 Direct F9
holding PFSI Nonstatutory Stock Option (Right to Buy) 13.5K Dec 14, 2023 Common Stock 13.5K $59.68 Direct F10
holding PFSI Nonstatutory Stock Option (Right to Buy) 11.9K Dec 14, 2023 Common Stock 11.9K $35.03 Direct F11
holding PFSI Nonstatutory Stock Option (Right to Buy) 6.65K Dec 14, 2023 Common Stock 6.65K $58.85 Direct F12
* 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 8,211 restricted stock units and 26,925 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 $89.36 to $90.00. 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 price reported is the weighted average price of multiple transactions ranging from $90.01 to $90.63. 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 8,211 restricted stock units and 20,000 shares of Common Stock. The 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 6,925 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.
F6 This nonstatutory stock option to purchase 20,967 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.
F7 This nonstatutory stock option to purchase 7,202 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.
F8 This nonstatutory stock option to purchase 7,684 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.
F9 This nonstatutory stock option to purchase 8,086 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.
F10 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.
F11 This nonstatutory stock option to purchase 11,882 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.
F12 This nonstatutory stock option to purchase 6,652 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.