Filing Details
- Accession Number:
- 0001127602-22-006884
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-02-25 20:18:28
- Reporting Period:
- 2022-02-23
- Accepted Time:
- 2022-02-25 20:18:28
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1745916 | Pennymac Financial Services Inc. | PFSI | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1275713 | David Spector | C/O Pennymac Financial Services, Inc. 3043 Townsgate Road Westlake Village CA 91361 | Chairman & Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2022-02-23 | 41,286 | $0.00 | 717,623 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2022-02-23 | 57,707 | $0.00 | 775,330 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-02-23 | 26,582 | $58.05 | 748,748 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2022-02-23 | 13,498 | $57.11 | 735,250 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-02-23 | 1,502 | $58.27 | 733,748 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Nonstatutory Stock Option (Right to Buy) | Acquisiton | 2022-02-23 | 119,730 | $0.00 | 119,730 | $57.10 |
| Common Stock | Performance-Based Restricted Stock Units | Acquisiton | 2022-02-23 | 57,707 | $0.00 | 57,707 | $0.00 |
| Common Stock | Performance-Based Restricted Stock Units | Disposition | 2022-02-23 | 57,707 | $0.00 | 57,707 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 119,730 | 2023-02-23 | 2032-02-22 | No | 4 | A | Direct |
| 57,707 | No | 4 | A | Direct | ||
| 0 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 465,604 | Indirect | ST Family Investment Company LLC |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Nonstatutory Stock Option (Right to Buy) | $58.85 | 2022-02-25 | 2031-02-24 | 53,589 | 53,589 | Direct |
| Common Stock | Nonstatutory Stock Option (Right to Buy) | $35.03 | 2021-02-26 | 2030-02-25 | 59,466 | 59,466 | Direct |
| Common Stock | Nonstatutory Stock Option (Right to Buy) | $59.68 | 2020-12-14 | 2030-12-13 | 140,464 | 140,464 | Direct |
| Common Stock | Nonstatutory Stock Option (Right to Buy) | $22.92 | 2020-03-15 | 2029-03-14 | 55,488 | 55,488 | Direct |
| Common Stock | Nonstatutory Stock Option (Right to Buy) | $24.40 | 2019-03-09 | 2028-03-08 | 52,935 | 52,935 | Direct |
| Common Stock | Nonstatutory Stock Option (Right to Buy) | $18.05 | 2018-03-06 | 2027-03-05 | 69,252 | 69,252 | Direct |
| Common Stock | Nonstatutory Stock Option (Right to Buy) | $11.28 | 2017-03-07 | 2026-03-06 | 71,161 | 71,161 | Direct |
| Common Stock | Nonstatutory Stock Option (Right to Buy) | $17.52 | 2016-03-03 | 2025-03-02 | 61,120 | 61,120 | Direct |
| Common Stock | Nonstatutory Stock Option (Right to Buy) | $17.26 | 2015-02-26 | 2024-02-25 | 72,301 | 72,301 | Direct |
| Common Stock | Nonstatutory Stock Option (Right to Buy) | $21.03 | 2014-06-13 | 2023-06-12 | 40,735 | 40,735 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2031-02-24 | 53,589 | 53,589 | Direct |
| 2030-02-25 | 59,466 | 59,466 | Direct |
| 2030-12-13 | 140,464 | 140,464 | Direct |
| 2029-03-14 | 55,488 | 55,488 | Direct |
| 2028-03-08 | 52,935 | 52,935 | Direct |
| 2027-03-05 | 69,252 | 69,252 | Direct |
| 2026-03-06 | 71,161 | 71,161 | Direct |
| 2025-03-02 | 61,120 | 61,120 | Direct |
| 2024-02-25 | 72,301 | 72,301 | Direct |
| 2023-06-12 | 40,735 | 40,735 | Direct |
Footnotes
- 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.
- 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.
- 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%.
- 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.
- Represents shares withheld for taxes upon vesting of restricted stock units.
- 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.
- These shares of Common Stock were sold pursuant to a 10b5-1 plan.
- 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.
- 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.
- 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.
- 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.
- This nonstatutory stock option to purchase 119,730 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.
- This nonstatutory stock option to purchase 53,589 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 25, 2022, 2023 and 2024, subject to the Reporting Person's continued service through each date.
- This nonstatutory stock option to purchase 59,466 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2021, 2022 and 2023, subject to the Reporting Person's continued service through each date.
- This nonstatutory stock option to purchase 140,464 shares of Common Stock of the Issuer is fully vested but subject to certain transfer restrictions that will lapse in one-third increments on each of December 14, 2021, 2022 and 2023, subject to the Reporting Person's continued service through each lapse date.
- This nonstatutory stock option to purchase 55,488 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 15, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each date.
- This nonstatutory stock option to purchase 52,935 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.
- This nonstatutory stock option to purchase 69,252 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date.
- This nonstatutory stock option to purchase 71,161 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date.
- This nonstatutory stock option to purchase 61,120 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 3, 2016, 2017 and 2018, subject to the Reporting Person's continued service through each date.
- This nonstatutory stock option to purchase 72,301 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2015, 2016 and 2017, subject to the Reporting Person's continued service through each date.
- This nonstatutory stock option to purchase 40,735 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of June 13, 2014, 2015 and 2016, subject to the Reporting Person's continued service through each date.
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