NANJI FARHAD 4
4 · PennyMac Financial Services, Inc. · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
PennyMac (PFSI) Director Nanji Farhad Receives 213-Share Award
What Happened
Nanji Farhad, a non-management director of PennyMac Financial Services, received an award of 213 shares on 2026-02-02 at an attributed value of $147.37 per share, totaling $31,390. This was an acquisition via award (not an open-market purchase) issued in lieu of cash director compensation.
Key Details
- Transaction date and price: 2026-02-02, 213 shares at $147.37 each (total $31,390).
- Transaction type: Award/grant (Form 4 code A); exempt under Rule 16b-3 for board compensation.
- Shares owned after transaction: Reporting shows 183,989 shares of Common Stock plus 1,547 restricted stock units (RSUs). The RSUs convert to the same number of shares upon vesting (total equity equivalents = 185,536).
- Filing timeliness: Report filed 2026-02-04 for a 2026-02-02 transaction (timely filing).
Context
This was compensation received in lieu of cash for board service, so it’s a routine, non-market purchase event and does not by itself indicate the director’s view on the stock. The RSUs are subject to future vesting before they become common shares. The Rule 16b-3 exemption is standard for director compensation and avoids short-swing liability for these types of grants.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-02$147.37/sh+213$31,390→ 185,536 total
- 4,531,792(indirect: MFN Partners, LP)
Common Stock
Footnotes (2)
- [F1]The Reporting Person received these shares in lieu of cash compensation payable for services rendered as a non-management director of Issuer during the previous quarter. The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
- [F2]The reported amount consists of 1,547 restricted stock units and 183,989 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.