Hendry Gregory L 4

What Happened
Hendry Gregory L, Managing Director and Chief Accounting Officer of PennyMac Financial Services (PFSI), had 32 shares disposed (withheld) to cover tax liability tied to vested restricted stock units. The shares were reported disposed at $91.93 per share, for a total value of $2,942. The transaction is coded F, indicating payment of exercise price or tax liability (here, tax withholding).

Key Details

• Transaction date: 2026-02-28; Form 4 filed: 2026-03-03.
• Disposed: 32 shares at $91.93 each; total value reported $2,942.
• Transaction code: F (shares withheld to satisfy tax withholding obligations on RSU vesting).
• Footnote F1: confirms shares were withheld for taxes upon vesting of restricted stock units.
• Footnote F2: notes a reported amount consisting of 904 restricted stock units and 48,064 shares of Common Stock; the RSUs will be settled in an equal number of shares upon vesting.
• Shares owned after transaction: not specified in the provided filing.

Context
Withholdings to cover taxes on vested RSUs are routine administrative transactions and generally do not indicate an insider choosing to sell shares for investment reasons. This was a tax-withholding disposition rather than an open-market sale; treat it as a non-discretionary event when assessing insider sentiment.