Walker David M 4

Accession 0001127602-21-008532

CIK 0001745916other

View on SEC.gov Company Profile

Filed

Feb 28, 7:00 PM ET

Accepted

Mar 1, 7:07 PM ET

Size

32.5 KB

Accession

0001127602-21-008532

Insider Transaction Report

Form 4

Period: 2021-02-25

PennyMac Financial Services, Inc.PFSI

Walker David M

Chief Risk Officer

Transactions

Award
Common Stock
2021-02-25+1,699→ 54,443 total
Tax Payment
Common Stock
2021-02-25$62.33/sh−4,882$304,295→ 63,324 total
Exercise/Conversion
Performance-Based Restricted Stock Units
2021-02-25−13,763→ 0 total
→ Common Stock (13,763 underlying)
Award
Performance-Based Restricted Stock Units
2021-02-25+13,763→ 13,763 total
→ Common Stock (13,763 underlying)
Award
Nonstatutory Stock Option (Right to Buy)
2021-02-25+7,391→ 7,391 total
Exercise: $58.85From: 2022-02-25Exp: 2031-02-24→ Common Stock (7,391 underlying)
Exercise/Conversion
Common Stock
2021-02-25+13,763→ 68,206 total
Tax Payment
Common Stock
2021-02-26$58.85/sh−418$24,599→ 62,906 total

Holdings

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: $24.40From: 2019-03-09Exp: 2028-03-08→ Common Stock (13,233 underlying)
13,233
Nonstatutory Stock Option (Right to Buy)
Exercise: $59.68From: 2020-12-14Exp: 2030-12-13→ Common Stock (5,402 underlying)
5,402
Common Stock
(indirect: By Trust)
63,085
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: $18.05From: 2018-03-06Exp: 2027-03-05→ Common Stock (17,313 underlying)
17,313
Nonstatutory Stock Option (Right to Buy)
Exercise: $22.92From: 2020-03-15Exp: 2029-03-14→ Common Stock (13,879 underlying)
13,879
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: $35.03From: 2021-02-26Exp: 2030-02-25→ Common Stock (13,863 underlying)
13,863
Nonstatutory Stock Option (Right to Buy)
Exercise: $21.03From: 2014-06-13Exp: 2023-06-12→ Common Stock (15,882 underlying)
15,882

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 17,313 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 13,233 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 13,879 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 5,402 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 13,863 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 10,911 restricted stock units and 43,532 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 10,911 restricted stock units and 57,295 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 10,911 restricted stock units and 52,413 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 9,663 restricted stock units and 53,243 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 7,391 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

4
form4.xmlPrimary
PRIMARY DOCUMENT

Issuer

PennyMac Financial Services, Inc.

CIK 0001745916

→

Entity typeother

Related Parties

filerCIK 0001468934

Filing Metadata

Form type: 4
Filed: Feb 28, 7:00 PM ET
Accepted: Mar 1, 7:07 PM ET
Size: 32.5 KB

View on SEC.gov