PennyMac (PFSI) CMO Mark Elbaum Sells 169 Shares

What Happened

Mark Elbaum, Chief Capital Markets Officer at PennyMac Financial Services (PFSI), sold 169 shares on February 14, 2026 at $92.01 per share, generating approximately $15,550. The sale was reported as a tax-withholding disposition tied to the vesting of restricted stock units (RSUs).

Key Details

• Transaction date: 2026-02-14
• Price per share: $92.01; shares sold: 169; proceeds ≈ $15,550
• Reason/code: F — shares sold to satisfy tax withholding on RSU vesting (footnote F1)
• Reported holdings: filing notes 3,688 RSUs and 1,716 shares of Common Stock; the RSUs will convert to an equal number of shares upon vesting (footnote F2)
• Filing date: 2026-02-18 — filing appears timely (within required Form 4 window)

Context

This was a routine sell-to-cover transaction related to RSU vesting, a common administrative sale to satisfy tax obligations and not necessarily a signal about the insider's view of the company. The filing discloses remaining RSUs that will convert to shares upon future vesting.