David Spector - Feb 29, 2024 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Role
Chairman & CEO, Director
Signature
/s/ Derek W. Stark, attorney-in-fact for Mr. Spector
Stock symbol
PFSI
Transactions as of
Feb 29, 2024
Transactions value $
-$1,495,654
Form type
4
Date filed
3/4/2024, 05:31 PM
Previous filing
Feb 29, 2024
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Award $0 +18.5K +2.74% $0.00 692K Feb 29, 2024 Direct F1
transaction PFSI Common Stock Options Exercise $0 +35.2K +5.51% $0.00 674K Feb 29, 2024 Direct F2
transaction PFSI Common Stock Tax liability -$1.5M -17.8K -2.58% $83.87 674K Feb 29, 2024 Direct F3
holding PFSI Common Stock 271K Feb 29, 2024 ST Family Investment Company LLC

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) Award $0 +46.2K $0.00 46.2K Feb 29, 2024 Common Stock 46.2K $84.93 Direct F4
transaction PFSI Performance-Based Restricted Stock Units Award $0 +35.2K $0.00 35.2K Feb 29, 2024 Common Stock 35.2K Direct F2
transaction PFSI Performance-Based Restricted Stock Units Options Exercise $0 -35.2K -100% $0.00* 0 Feb 29, 2024 Common Stock 35.2K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of the grant, are to be settled in an equal number of shares of Common Stock upon vesting.
F2 This performance-based restricted stock unit (PSU) award was granted to the reporting Person on February 25, 2021 and vested on February 29, 2024, 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, 2021 through December 31, 2023 resulting in a payout for the award of 114.3%.
F3 Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
F4 This nonstatutory stock option to purchase 46,177 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 1, 2025, 2026 and 2027, subject to the Reporting Person's continued service through each date.