Fartaj Vandad 4
4 · PennyMac Financial Services, Inc. · Filed Mar 1, 2023
Insider Transaction Report
Form 4
Fartaj Vandad
Chief Investment Officer
Transactions
- Award
Performance-Based Restricted Stock Units
2023-02-24+20,743→ 20,743 total→ Common Stock (20,743 underlying) - Award
Common Stock
2023-02-24+4,733→ 114,267 total - Tax Payment
Common Stock
2023-02-24$61.81/sh−9,330$576,687→ 125,680 total - Award
Nonstatutory Stock Option (Right to Buy)
2023-02-24+11,833→ 11,833 totalExercise: $60.74From: 2024-02-24Exp: 2033-02-23→ Common Stock (11,833 underlying) - Exercise/Conversion
Performance-Based Restricted Stock Units
2023-02-24−20,743→ 0 total→ Common Stock (20,743 underlying) - Exercise/Conversion
Common Stock
2023-02-24+20,743→ 135,010 total
Holdings
- 828,906(indirect: By Trust)
Common Stock
Footnotes (7)
- [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.
- [F2]The reported amount consists of 18,612 restricted stock units and 95,655 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 February 26, 2020 and vested on February 24, 2023, 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, 2020 through December 31, 2022 resulting in a payout percentage for the award of 162%.
- [F4]The reported amount consists of 18,612 restricted stock units and 116,398 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 18,612 restricted stock units and 107,068 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
- [F7]This nonstatutory stock option to purchase 11,833 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.