4//SEC Filing
Grogin Jeffrey 4
Accession 0001127602-21-008524
CIK 0001745916other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 6:58 PM ET
Size
24.6 KB
Accession
0001127602-21-008524
Insider Transaction Report
Form 4
Grogin Jeffrey
Chief Enterprise Ops Officer
Transactions
- Exercise/Conversion
Common Stock
2021-02-25+17,891→ 48,776 total - Tax Payment
Common Stock
2021-02-25$62.33/sh−8,990$560,347→ 39,786 total - Tax Payment
Common Stock
2021-02-26$58.85/sh−681$40,077→ 39,105 total - Award
Performance-Based Restricted Stock Units
2021-02-25+17,891→ 17,891 total→ Common Stock (17,891 underlying) - Award
Common Stock
2021-02-25+2,124→ 30,885 total - Award
Nonstatutory Stock Option (Right to Buy)
2021-02-25+9,239→ 9,239 totalExercise: $58.85From: 2022-02-25Exp: 2031-02-24→ Common Stock (9,239 underlying) - Exercise/Conversion
Performance-Based Restricted Stock Units
2021-02-25−17,891→ 0 total→ Common Stock (17,891 underlying)
Holdings
- 17,824
Nonstatutory Stock Option (Right to Buy)
Exercise: $35.03From: 2021-02-26Exp: 2030-02-25→ Common Stock (17,824 underlying) - 5,735
Nonstatutory Stock Option (Right to Buy)
Exercise: $24.40From: 2019-03-09Exp: 2028-03-08→ Common Stock (5,735 underlying) - 12,038
Nonstatutory Stock Option (Right to Buy)
Exercise: $22.92From: 2020-03-15Exp: 2029-03-14→ Common Stock (12,038 underlying) - 4,395(indirect: Grogin Giving Fund)
Common Stock
- 21,000(indirect: By Trust)
Common Stock
- 453,655(indirect: By Trust)
Common Stock
- 22,129(indirect: By Trust)
Common Stock
Footnotes (10)
- [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.
- [F10]This nonstatutory stock option to purchase 18,057 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.
- [F2]The reported amount consists of 14,050 restricted stock units and 16,835 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
- [F3]This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on March 9, 2018 and vested on February 25, 2021, 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 39.4% for the period of January 1, 2018 through December 31, 2020 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 14,050 restricted stock units and 34,726 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
- [F5]Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
- [F6]The reported amount consists of 14,050 restricted stock units and 25,736 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
- [F7]Represents shares withheld for taxes upon vesting of restricted stock units.
- [F8]The reported amount consists of 12,445 restricted stock units and 26,660 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
- [F9]This nonstatutory stock option to purchase 17,204 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each March 9, 2019, 2020 and 2021, subject to the Reporting Person's continued service through each date.
Documents
Issuer
PennyMac Financial Services, Inc.
CIK 0001745916
Entity typeother
Related Parties
1- filerCIK 0001440697
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 6:58 PM ET
- Size
- 24.6 KB