PennyMac Financial Services, Inc. — Director's Dealing 2020

Mar 19, 2020

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: Hendry Gregory L (MD, Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-16	Common Stock	F	185	$29.13	Disposed	40006	Direct
2020-03-17	Common Stock	M	1775	—	Acquired	41781	Direct
2020-03-17	Common Stock	F	724	$21.76	Disposed	41057	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-17	Performance-Based Restricted Stock Units	$	A	1775	Acquired		Common Stock (1775)	Direct
2020-03-17	Performance-Based Restricted Stock Units	$	M	1775	Disposed		Common Stock (1775)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Nonstatutory Stock Option (Right to Buy)	$21.03	2023-06-12	Common Stock (2018)	2018	Direct
Nonstatutory Stock Option (Right to Buy)	$17.26	2024-02-25	Common Stock (3077)	3077	Direct
Nonstatutory Stock Option (Right to Buy)	$17.52	2025-03-02	Common Stock (3032)	3032	Direct
Nonstatutory Stock Option (Right to Buy)	$11.28	2026-03-06	Common Stock (3530)	3530	Direct
Nonstatutory Stock Option (Right to Buy)	$18.05	2027-03-05	Common Stock (2943)	2943	Direct
Nonstatutory Stock Option (Right to Buy)	$24.40	2028-03-08	Common Stock (2177)	2177	Direct

Footnotes

F1: Represents shares withheld for taxes upon vesting of restricted stock units.

F2: The reported amount consists of 2,309 restricted stock units and 37,697 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 2,309 restricted stock units and 39,472 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 2,309 restricted stock units and 38,748 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 2,018 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 3,077 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 3,032 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 continued service through each date.

F10: This nonstatutory stock option to purchase 3,530 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 2,943 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 2,177 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.