AI assistant
PennyMac Financial Services, Inc. — Director's Dealing 2020
Mar 19, 2020
30869_dirs_2020-03-18_bde98779-e19f-4844-a258-5f1f4ec64979.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PennyMac Financial Services, Inc. (PFSI)
CIK: 0001745916
Period of Report: 2020-03-16
Reporting Person: Walker David M (Chief Risk Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-03-16 | Common Stock | F | 615 | $29.13 | Disposed | 43631 | Direct |
| 2020-03-17 | Common Stock | M | 13930 | — | Acquired | 57561 | Direct |
| 2020-03-17 | Common Stock | F | 4817 | $21.76 | Disposed | 52744 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-03-17 | Performance-Based Restricted Stock Units | $ | A | 13930 | Acquired | Common Stock (13930) | Direct | |
| 2020-03-17 | Performance-Based Restricted Stock Units | $ | M | 13930 | Disposed | Common Stock (13930) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 413085 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Nonstatutory Stock Option (Right to Buy) | $21.03 | 2023-06-12 | Common Stock (15882) | 15882 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $17.26 | 2024-02-25 | Common Stock (28216) | 28216 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $17.52 | 2025-03-02 | Common Stock (23829) | 23829 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $11.28 | 2026-03-06 | Common Stock (27771) | 27771 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $18.05 | 2027-03-05 | Common Stock (17313) | 17313 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $24.40 | 2028-03-08 | Common Stock (13233) | 13233 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $22.92 | 2029-03-14 | Common Stock (13879) | 13879 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $35.03 | 2030-02-25 | Common Stock (13863) | 13863 | Direct |
Footnotes
F1: Represents shares withheld for taxes upon vesting of restricted stock units.
F2: The reported amount consists of 9,212 restricted stock units and 34,419 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F3: This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on March 6, 2017 and vested on March 17, 2020, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on PNMAC pre-tax return on equity (ROE) of 18.6% for the period of January 1, 2017 through December 31, 2019 as measured against the ROE target established at the time of grant. The payout percentage for the award based on ROE achievement was 94.3%.
F4: The reported amount consists of 9,212 restricted stock units and 48,349 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F5: Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
F6: The reported amount consists of 9,212 restricted stock units and 43,532 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F7: This nonstatutory stock option to purchase 15,882 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of June 13, 2014, 2015 and 2016, subject to the Reporting Person's continued service through each date.
F8: This nonstatutory stock option to purchase 28,216 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2015, 2016 and 2017, subject to the Reporting Person's continued service through each date.
F9: This nonstatutory stock option to purchase 23,829 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 3, 2016, 2017 and 2018, subject to the Reporting Person's committed service through each date.
F10: This nonstatutory stock option to purchase 27,771 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date.
F11: This nonstatutory stock option to purchase 17,313 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date.
F12: This nonstatutory stock option to purchase 13,233 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.
F13: This nonstatutory stock option to purchase 13,879 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 15, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each date.
F14: This nonstatutory stock option to purchase 13,863 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2021, 2022 and 2023, subject to the Reporting Person's continued service through each date.