Form 4 for PFSI PennyMac Financial Services, Inc.
Accepted 2024-03-04 00:00:00 ET · period of report 2024-02-29 · accession 0001127602-24-008212 · 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 | 2024-03-04 | 2024-02-29 | PFSI | STARK DEREK | CLO | F - Tax | $83.87 | -1,559 | 32.3K | -5% | -$130.8K |
| D | 2024-03-04 | 2024-02-29 | PFSI | STARK DEREK | CLO | A - Grant | $0.00 | +2,752 | 33.9K | +9% | $0 |
| D | 2024-03-04 | 2024-02-29 | PFSI | STARK DEREK | CLO | M - OptEx | $0.00 | +4,368 | 31.1K | +16% | $0 |
| D | 2024-03-04 | 2024-02-29 | PFSI | STARK DEREK | CLO | M - OptEx | $0.00 | -4,368 | 0 | -100% | $0 |
| DM | 2024-03-04 | 2024-02-29 | PFSI | STARK DEREK | CLO | A - Grant | $0.00 | +11.2K | 6,880 | New | $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 | 2024-02-29 | F | D | 1,559 | $83.87 | 32,339 | D | — | — | (F3) Represents shares withheld for taxes upon vesting of performance-based restricted stock units. |
| 2 | Common | Common Stock | 2024-02-29 | A | A | 2,752 | $0.00 | 33,898 | 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. |
| 3 | Common | Common Stock | 2024-02-29 | M | A | 4,368 | $0.00 | 31,146 | D | — | — | (F2) This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 25, 2021 and vested on February 20, 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 percentage for the award of 114.3%. |
| 4 | Derivative | Performance-Based Restricted Stock Units | 2024-02-29 | M | D | 4,368 | $0.00 | 0 | D | — · — to — | 4,368 Common Stock | (F2) This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 25, 2021 and vested on February 20, 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 percentage for the award of 114.3%. |
| 5 | Derivative | Performance-Based Restricted Stock Units | 2024-02-29 | A | A | 4,368 | $0.00 | 4,368 | D | — · — to — | 4,368 Common Stock | (F2) This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 25, 2021 and vested on February 20, 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 percentage for the award of 114.3%. |
| 6 | Derivative | Nonstatutory Stock Option (Right to Buy) | 2024-02-29 | A | A | 6,880 | $0.00 | 6,880 | D | $84.93 · 2025-03-01 to 2034-02-28 | 6,880 Common Stock | (F4) This nonstatutory stock option to purchase 6,880 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 1, 2025, 2026, 2027, subject to the Reporting Person's continued service through each date. |