Form 4 for PFSI PennyMac Financial Services, Inc.
Accepted 2023-03-02 00:00:00 ET · period of report 2023-03-02 · accession 0001127602-23-008530 · 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 | 2023-03-02 | 2023-03-02 | PFSI | White Donald J. | CRO | S - Sale+OE | $60.62 | -1,630 | 9,469 | -15% | -$98.8K |
| D | 2023-03-02 | 2023-03-02 | PFSI | White Donald J. | CRO | M - OptEx | $0.00 | +4,493 | 11.1K | +68% | $0 |
| D | 2023-03-02 | 2023-03-02 | PFSI | White Donald J. | CRO | A - Grant | $0.00 | +4,493 | 4,493 | New | $0 |
| D | 2023-03-02 | 2023-03-02 | PFSI | White Donald J. | CRO | M - OptEx | $0.00 | -4,493 | 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 | 2023-03-02 | S | D | 1,630 | $60.62 | 9,469 | D | — | — | (F3) Represents shares required to be sold to cover tax withholding obligations in connection with the vesting of performance-based restricted stock units. (F4) The reported amount consists of 3,080 restricted stock units and 6,389 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 | 2023-03-02 | M | A | 4,493 | $0.00 | 11,099 | D | — | — | (F1) 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%. (F2) The reported amount consists of 3,080 restricted stock units and 8,019 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. |
| 3 | Derivative | Performance-Based Restricted Stock Units | 2023-03-02 | A | A | 4,493 | $0.00 | 4,493 | D | — · — to — | 4,493 Common Stock | (F1) 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%. |
| 4 | Derivative | Performance-Based Restricted Stock Units | 2023-03-02 | M | D | 4,493 | $0.00 | 0 | D | — · — to — | 4,493 Common Stock | (F1) 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%. |