Key facts
- This page summarizes Vandad Fartaj's Form 4 filing for PennyMac Financial Services, Inc. (PFSI).
- 6 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 01 Mar 2023, 16:17.
Vandad Fartaj - 24 Feb 2023 Form 4 Insider Report for PennyMac Financial Services, Inc. (PFSI)
- Reporting relationship
- Chief Investment Officer
- Issuer ticker
- PFSI
- Reported as of
- 24 Feb 2023
- Net transaction value
- -$576,687
- SEC form
- 4
- Accepted by SEC
- 01 Mar 2023, 16:17:13 UTC
- Prior SEC filing
- 27 Feb 2023
- Next SEC filing
- 28 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Derek W. Stark, attorney-in-fact for Mr. Fartaj
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Vandad Fartaj filed Form 4 for PennyMac Financial Services, Inc. (PFSI) on 01 Mar 2023.
Change
- Previous filing in this sequence was filed on 27 Feb 2023.
- Current net transaction value: -$576,687.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
PFSI
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +4,733
- Change %
- +4.3%
- Price
- $0.000000
- Shares after
- 114,267
- Date
- 24 Feb 2023
- Ownership
- Direct
- Footnotes
- F1, F2
PFSI
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +20,743
- Change %
- +18%
- Price
- $0.000000
- Shares after
- 135,010
- Date
- 24 Feb 2023
- Ownership
- Direct
- Footnotes
- F3, F4
PFSI
transaction
Common Stock
Tax liability
- Transaction value
- $576,687
- Shares
- -9,330
- Change %
- -6.9%
- Price
- $61.81
- Shares after
- 125,680
- Date
- 24 Feb 2023
- Ownership
- Direct
- Footnotes
- F5, F6
PFSI
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 828,906
- Date
- 24 Feb 2023
- Ownership
- The Fartaj Family Trust
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
PFSI
transaction
Derivative
Nonstatutory Stock Option (Right to Buy)
Award
- Transaction value
- $0
- Shares
- +11,833
- Change %
- Price
- $0.000000
- Shares after
- 11,833
- Date
- 24 Feb 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 11,833
- Exercise price
- $60.74
- Footnotes
- F7
PFSI
transaction
Derivative
Performance-Based Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +20,743
- Change %
- Price
- $0.000000
- Shares after
- 20,743
- Date
- 24 Feb 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 20,743
- Exercise price
- Footnotes
- F3
PFSI
transaction
Derivative
Performance-Based Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -20,743
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 24 Feb 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 20,743
- Exercise price
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote 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 grant, are to be settled in an equal number of shares of Common Stock upon vesting.
Footnote F2
The reported amount consists of 18,612 restricted stock units and 95,655 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
Footnote F3
This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 26, 2020 and vested on February 24, 2023, 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, 2020 through December 31, 2022 resulting in a payout percentage for the award of 162%.
Footnote F4
The reported amount consists of 18,612 restricted stock units and 116,398 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
Footnote F5
Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
Footnote F6
The reported amount consists of 18,612 restricted stock units and 107,068 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
Footnote F7
This nonstatutory stock option to purchase 11,833 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.