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Home/Filings/4/0001127602-21-008528
4//SEC Filing

Chang Andrew S 4

Accession 0001127602-21-008528

CIK 0001745916other
View on SEC.govCompany Profile

Filed

Feb 28, 7:00 PM ET

Accepted

Mar 1, 7:03 PM ET

Size

31.8 KB

Accession

0001127602-21-008528

Insider Transaction Report

Form 4
Period: 2021-02-25
PennyMac Financial Services, Inc.PFSI
Chang Andrew S
Chief Financial Officer
Transactions
  • Exercise/Conversion

    Common Stock

    2021-02-25+22,020→ 1,009,650 total
  • Tax Payment

    Common Stock

    2021-02-25$62.33/sh−8,896$554,488→ 1,000,754 total
  • Award

    Nonstatutory Stock Option (Right to Buy)

    2021-02-25+21,435→ 21,435 total
    Exercise: $58.85From: 2022-02-25Exp: 2031-02-24→ Common Stock (21,435 underlying)
  • Exercise/Conversion

    Performance-Based Restricted Stock Units

    2021-02-25−22,020→ 0 total
    → Common Stock (22,020 underlying)
  • Award

    Common Stock

    2021-02-25+4,927→ 987,630 total
  • Tax Payment

    Common Stock

    2021-02-26$58.85/sh−756$44,491→ 999,998 total
  • Award

    Performance-Based Restricted Stock Units

    2021-02-25+22,020→ 22,020 total
    → Common Stock (22,020 underlying)
Holdings

  • Nonstatutory Stock Option (Right to Buy)

    Exercise: $21.03From: 2014-06-13Exp: 2023-06-12→ Common Stock (15,882 underlying)
    15,882

  • Nonstatutory Stock Option (Right to Buy)

    Exercise: $11.28From: 2017-03-07Exp: 2026-03-06→ Common Stock (27,771 underlying)
    27,771

  • Nonstatutory Stock Option (Right to Buy)

    Exercise: $24.40From: 2019-03-09Exp: 2028-03-08→ Common Stock (21,174 underlying)
    21,174

  • Nonstatutory Stock Option (Right to Buy)

    Exercise: $17.26From: 2015-02-26Exp: 2024-02-25→ Common Stock (28,216 underlying)
    28,216

  • Nonstatutory Stock Option (Right to Buy)

    Exercise: $17.52From: 2016-03-03Exp: 2025-03-02→ Common Stock (23,829 underlying)
    23,829

  • Nonstatutory Stock Option (Right to Buy)

    Exercise: $59.68From: 2020-12-14Exp: 2030-12-13→ Common Stock (56,726 underlying)
    56,726

  • Nonstatutory Stock Option (Right to Buy)

    Exercise: $35.03From: 2021-02-26Exp: 2030-02-25→ Common Stock (23,765 underlying)
    23,765

  • Nonstatutory Stock Option (Right to Buy)

    Exercise: $18.05From: 2018-03-06Exp: 2027-03-05→ Common Stock (27,700 underlying)
    27,700

  • Nonstatutory Stock Option (Right to Buy)

    Exercise: $22.92From: 2020-03-15Exp: 2029-03-14→ Common Stock (22,274 underlying)
    22,274
Footnotes (18)
  • [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 15,882 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.
  • [F11]This nonstatutory stock option to purchase 28,216 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.
  • [F12]This nonstatutory stock option to purchase 23,829 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 committed service through each date.
  • [F13]This nonstatutory stock option to purchase 27,771 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.
  • [F14]This nonstatutory stock option to purchase 27,770 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.
  • [F15]This nonstatutory stock option to purchase 21,174 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.
  • [F16]This nonstatutory stock option to purchase 22,274 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.
  • [F17]This nonstatutory stock option to purchase 56,726 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.
  • [F18]This nonstatutory stock option to purchase 23,765 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.
  • [F2]The reported amount consists of 20,113 restricted stock units and 967,517 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 20,113 restricted stock units and 989,537 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 20,113 restricted stock units and 980,641 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 17,972 restricted stock units and 982.026 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 21,435 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.

Documents

1 file

Issuer

PennyMac Financial Services, Inc.

CIK 0001745916

→
Entity typeother

Related Parties

1
  • filerCIK 0001468932

Filing Metadata

Form type
4
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 7:03 PM ET
Size
31.8 KB
View on SEC.gov