NANJI FARHAD 4

What Happened Nanji Farhad, a director of PennyMac Financial Services, was granted 1,963 restricted stock units (RSUs) on February 11, 2026. The RSUs were awarded at $0 (no cash paid) and will vest in full on the first anniversary of the grant date, at which time each RSU will be settled in one share of common stock. This is a compensation award to a director rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-11; filing date (Form 4): 2026-02-13 (timely filing).
• Grant: 1,963 RSUs awarded, grant price reported as $0.
• Holdings after transaction: 183,989 shares of common stock and 3,510 RSUs (per filing footnote).
• Footnote F1: RSUs granted for director service; vest in full on the first anniversary and settle into shares upon vesting.
• Footnote F2: Reported holdings include 3,510 RSUs and 183,989 common shares.
• No 10b5-1 plan, tax-withholding sale, or exercise noted in this filing.

Context RSUs are a form of equity compensation: they represent a promise to issue shares in the future if vesting conditions are met. Because these RSUs vest later and convert to shares upon vesting, this grant does not indicate an immediate market buy or sale. Director grants are common as part of compensation and should be viewed as routine insider awards unless accompanied by other unusual activity.