Form 4 for PFSI PennyMac Financial Services, Inc.
Accepted 2022-02-25 00:00:00 ET · period of report 2022-02-23 · accession 0001127602-22-006884 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-02-25 | 2022-02-23 | PFSI | SPECTOR DAVID | COB, CEO, Dir | A - Grant | $0.00 | +41.3K | 717.6K | +6% | $0 |
| D | 2022-02-25 | 2022-02-23 | PFSI | SPECTOR DAVID | COB, CEO, Dir | M - OptEx | $0.00 | +57.7K | 775.3K | +8% | $0 |
| DM | 2022-02-25 | 2022-02-23 | PFSI | SPECTOR DAVID | COB, CEO, Dir | S - Sale+OE | $57.23 | -15.0K | 735.2K | -2% | -$858.4K |
| D | 2022-02-25 | 2022-02-23 | PFSI | SPECTOR DAVID | COB, CEO, Dir | F - Tax | $58.05 | -26.6K | 748.7K | -3% | -$1.54M |
| DM | 2022-02-25 | 2022-02-23 | PFSI | SPECTOR DAVID | COB, CEO, Dir | A - Grant | $0.00 | +177.4K | 57.7K | New | $0 |
| D | 2022-02-25 | 2022-02-23 | PFSI | SPECTOR DAVID | COB, CEO, Dir | M - OptEx | $0.00 | -57.7K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-23 | A | A | 41,286 | $0.00 | 717,623 | D | — | — | (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. (F2) The reported amount consists of 71,718 restricted stock units and 645,905 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. |
| 2 | Common | Common Stock | 2022-02-23 | M | A | 57,707 | $0.00 | 775,330 | D | — | — | (F3) This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on March 15, 2019 and vested on February 23, 2022, 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 PNMAC pre-tax return on equity (ROE) of 38.2% for the period of January 1, 2019 through December 31, 2021 as measured against the ROE target established at the time of grant. The payout percentage for the award based on ROE achievement was 130%. (F4) The reported amount consists of 71,718 restricted stock units and 703,612 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. |
| 3 | Common | Common Stock | 2022-02-23 | S | D | 1,502 | $58.27 | 733,748 | D | — | — | (F7) These shares of Common Stock were sold pursuant to a 10b5-1 plan. (F10) The price reported is the weighted average price of multiple transactions ranging from $57.76 to $58.52. 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. (F11) The reported amount consists of 71,718 restricted stock units and 662,030 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. |
| 4 | Common | Common Stock | 2022-02-23 | S | D | 13,498 | $57.11 | 735,250 | D | — | — | (F7) These shares of Common Stock were sold pursuant to a 10b5-1 plan. (F8) The price reported is the weighted average price of multiple transactions ranging from $56.76 to $57.72. 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. (F9) The reported amount consists of 71,718 restricted stock units and 663,532 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. |
| 5 | Common | Common Stock | 2022-02-23 | F | D | 26,582 | $58.05 | 748,748 | D | — | — | (F5) Represents shares withheld for taxes upon vesting of restricted stock units. (F6) The reported amount consists of 71,718 restricted stock units and 677,030 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. |
| 6 | Derivative | Nonstatutory Stock Option (Right to Buy) | 2022-02-23 | A | A | 119,730 | $0.00 | 119,730 | D | $57.10 · 2023-02-23 to 2032-02-22 | 119,730 Common Stock | |
| 7 | Derivative | Performance-Based Restricted Stock Units | 2022-02-23 | M | D | 57,707 | $0.00 | 0 | D | — · — to — | 57,707 Common Stock | (F3) This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on March 15, 2019 and vested on February 23, 2022, 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 PNMAC pre-tax return on equity (ROE) of 38.2% for the period of January 1, 2019 through December 31, 2021 as measured against the ROE target established at the time of grant. The payout percentage for the award based on ROE achievement was 130%. |
| 8 | Derivative | Performance-Based Restricted Stock Units | 2022-02-23 | A | A | 57,707 | $0.00 | 57,707 | D | — · — to — | 57,707 Common Stock | (F3) This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on March 15, 2019 and vested on February 23, 2022, 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 PNMAC pre-tax return on equity (ROE) of 38.2% for the period of January 1, 2019 through December 31, 2021 as measured against the ROE target established at the time of grant. The payout percentage for the award based on ROE achievement was 130%. |