0001127602-22-006892.txt : 20220225
0001127602-22-006892.hdr.sgml : 20220225
20220225202536
ACCESSION NUMBER: 0001127602-22-006892
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220223
FILED AS OF DATE: 20220225
DATE AS OF CHANGE: 20220225
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: STARK DEREK
CENTRAL INDEX KEY: 0001198631
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38727
FILM NUMBER: 22683467
MAIL ADDRESS:
STREET 1: 4500 PARK GRANADA
CITY: CALABASAS
STATE: CA
ZIP: 91302
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PennyMac Financial Services, Inc.
CENTRAL INDEX KEY: 0001745916
STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
IRS NUMBER: 831098934
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3043 TOWNSGATE ROAD
CITY: WESTLAKE VILLAGE
STATE: CA
ZIP: 91361
BUSINESS PHONE: (818) 224-7442
MAIL ADDRESS:
STREET 1: 3043 TOWNSGATE ROAD
CITY: WESTLAKE VILLAGE
STATE: CA
ZIP: 91361
FORMER COMPANY:
FORMER CONFORMED NAME: New PennyMac Financial Services, Inc.
DATE OF NAME CHANGE: 20180709
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2022-02-23
0001745916
PennyMac Financial Services, Inc.
PFSI
0001198631
STARK DEREK
C/O PENNYMAC FINANCIAL SERVICES, INC.
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE
CA
91361
1
Chief Legal Officer
Common Stock
2022-02-23
4
A
0
7229
0
A
62664
D
Common Stock
2022-02-23
4
M
0
8409
0
A
71073
D
Common Stock
2022-02-23
4
F
0
2905
58.05
D
68168
D
Nonstatutory Stock Option (Right to Buy)
57.10
2022-02-23
4
A
0
20967
0
A
2023-02-23
2032-02-22
Common Stock
20967
20967
D
Performance-Based Restricted Stock Units
2022-02-23
4
A
0
8409
0
A
Common Stock
8409
8409
D
Performance-Based Restricted Stock Units
2022-02-23
4
M
0
8409
0
D
Common Stock
8409
0
D
Nonstatutory Stock Option (Right to Buy)
58.85
2022-02-25
2031-02-24
Common Stock
6652
6652
D
Nonstatutory Stock Option (Right to Buy)
35.03
2021-02-26
2030-02-25
Common Stock
11882
11882
D
Nonstatutory Stock Option (Right to Buy)
59.68
2020-12-14
2030-12-13
Common Stock
13506
13506
D
Nonstatutory Stock Option (Right to Buy)
22.92
2020-03-15
2029-03-14
Common Stock
8086
8086
D
Nonstatutory Stock Option (Right to Buy)
24.40
2019-03-09
2028-03-08
Common Stock
7684
7684
D
Nonstatutory Stock Option (Right to Buy)
18.05
2018-03-06
2027-03-05
Common Stock
6925
6925
D
The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of grant, are to be settled in an equal number of shares of Common Stock upon vesting.
The reported amount consists of 11,977 restricted stock units and 50,687 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on March 15, 2019 and vested on February 23, 2022, 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 38.2% for the period of January 1, 2019 through December 31, 2021 as measured against the ROE target established at the time of grant. The payout percentage for the award based on ROE achievement was 130%.
The reported amount consists of 11,977 restricted stock units and 59,096 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
Represents shares withheld for taxes upon vesting of restricted stock units.
The reported amount consists of 11,977 restricted stock units and 56,191 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
This nonstatutory stock option to purchase 20,967 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 23, 2023, 2024 and 2025, subject to the Reporting Person's continued service through each date.
This nonstatutory stock option to purchase 6,652 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 25, 2022, 2023 and 2024, subject to the Reporting Person's continued service through each date.
This nonstatutory stock option to purchase 11,882 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.
This nonstatutory stock option to purchase 13,506 shares of Common Stock of the Issuer is fully vested but subject to certain transfer restrictions that will lapse in one-third increments on each of December 14, 2021, 2022 and 2023 ,subject to the Reporting Person's continued service through each lapse date.
This nonstatutory stock option to purchase 8,086 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.
This nonstatutory stock option to purchase 7,684 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.
This nonstatutory stock option to purchase 6,925 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.
/s/ Derek Stark
2022-02-25