SPECTOR DAVID 4

What Happened
David Spector, Chairman & CEO of PennyMac Financial Services (PFSI), had 3,097 shares withheld on Feb 28, 2026 to satisfy tax withholding related to vested restricted stock units (RSUs). The shares were valued at $91.93 each, for a total of approximately $284,707. This was a tax-withholding disposal (routine), not an open-market sale.

Key Details

• Transaction date: 2026-02-28; Form 4 filed 2026-03-03. No late-filing flag indicated.
• Transaction type/code: F — shares withheld to cover tax liability upon RSU vesting.
• Shares withheld/disposed: 3,097 at $91.93; total value ~$284,707.
• Shares owned after transaction (per filing footnote): 503,996 shares of Common Stock plus 37,841 RSUs (to be settled in shares) — total reported interest = 541,837 (503,996 common + 37,841 RSUs).
• Footnotes: F1 — represents shares withheld for taxes upon vesting of RSUs. F2 — clarifies the reported ownership mix of RSUs vs. common shares.

Context
Withholding shares to cover taxes is a routine administrative step when RSUs vest (a form of cashless settlement). It reduces the number of shares delivered to the insider and does not necessarily indicate a buy/sell signal about the company's prospects. The RSUs noted in the filing will convert to common shares upon vesting.