ELBAUM MARK 4

What Happened

• Mark Elbaum, Chief Capital Markets Officer of PennyMac Financial Services (PFSI), had 71 shares disposed on February 28, 2026 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The shares were disposed at $91.93 each for proceeds of $6,527 (approx).

Key Details

• Transaction date and price: 2026-02-28, 71 shares at $91.93 per share.
• Transaction type: Code F — payment of exercise price or tax liability (share withholding to cover taxes upon RSU vesting).
• Shares owned after transaction (as reported): 1,841 shares of common stock plus 3,492 RSUs (the RSUs are to be settled in an equal number of shares upon vesting).
• Footnotes: F1 confirms the sale represents shares withheld on RSU vesting; F2 clarifies the reported beneficial ownership mix of shares and RSUs.
• Filing timeliness: Form filed 2026-03-03; given the Feb 28, 2026 transaction date (a weekend), this filing appears to be within the typical two-business-day Form 4 window.

Context

• This was not an open-market sale for investment reasons but a customary tax-withholding sale tied to RSU vesting (routine for equity compensation). Such withholding sales are common and do not necessarily indicate executive sentiment about the company.