Kinsella Patrick 4

What Happened Patrick Kinsella, a director of PennyMac Financial Services (PFSI), acquired stock in two ways: he was granted 1,963 restricted stock units (RSUs) on 2026-02-11 (reported as an award with $0 acquisition price) and he purchased 2,250 shares in the open market on 2026-02-12 at $89.15 per share, costing $200,588. The open-market purchase is a straightforward buy; the RSUs are a compensatory award that will convert to shares upon vesting.

Key Details

• Transactions: 2026-02-11 — Award of 1,963 RSUs (Code A) at $0; 2026-02-12 — Open-market purchase of 2,250 shares (Code P) at $89.15 ($200,588).
• Shares/ownership after transactions (per filing footnote): 30,700 shares of Common Stock and 3,510 RSUs (the RSUs will settle into an equal number of shares upon vesting).
• RSU vesting: The RSUs granted vest in full on the first anniversary of the grant date and will be settled in common shares (Footnote F1).
• Filing: Form 4 was filed on 2026-02-13 for transactions on 2026-02-11 and 2026-02-12 (no indication of a late filing in the report).
• Transaction codes: A = Award/Grant, P = Open-market Purchase.

Context

• The RSU award is a standard director compensation item and does not require cash outlay now; it becomes shares when vested. The open-market purchase represents an outright buy by the director and increases his immediate common-stock holdings. These entries are factual insider flows and do not confirm future company performance.