NANJI FARHAD 4

What Happened

• Nanji Farhad, a director of PennyMac Financial Services, received 338 shares of common stock on 2026-05-07 as compensation in lieu of cash. The shares are reported at a price of $93.03 each, totaling approximately $31,444. This was an award/grant (not an open-market buy or sale).

Key Details

• Transaction date: 2026-05-07; transaction code: A (award/grant).
• Price per share reported: $93.03; total value: ~$31,444.
• Shares owned after the transaction: 185,874 shares of Common Stock plus 1,963 restricted stock units (RSUs). The RSUs convert to an equal number of shares upon vesting.
• Footnote: Shares were received in lieu of cash compensation for services as a non-management director; transaction exempt under Rule 16b-3.
• Filing: Reported for the transaction date shown (no late filing indicated).

Context

• Director awards in lieu of cash are routine compensation and do not by themselves indicate insider buying or selling sentiment. RSUs reported will become actual shares only when they vest. The Rule 16b-3 exemption reflects this is a standard, permissible director compensation arrangement.