NANJI FARHAD 4

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.