James Follette - Mar 4, 2024 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)

Signature
/s/ Derek W. Stark, attorney-in-fact for Mr. Follette
Stock symbol
PFSI
Transactions as of
Mar 4, 2024
Transactions value $
-$428,441
Form type
4
Date filed
3/5/2024, 05:11 PM
Previous filing
Mar 4, 2024
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSI Common Stock Sale -$428K -5.06K -31.93% $84.66 10.8K Mar 4, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported is the weighted average price of multiple transactions at prices ranging from $84.21 to $84.96. 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.
F2 The price reported is the weighted average price of multiple transactions at prices ranging from $85.04 to $85.61. 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 9,797 restricted stock units and 992 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.