0001127602-23-007691.txt : 20230228
0001127602-23-007691.hdr.sgml : 20230228
20230228212830
ACCESSION NUMBER: 0001127602-23-007691
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230224
FILED AS OF DATE: 20230228
DATE AS OF CHANGE: 20230228
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bailey Steven Richard
CENTRAL INDEX KEY: 0001571945
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38727
FILM NUMBER: 23689408
MAIL ADDRESS:
STREET 1: C/O PENNYMAC
STREET 2: 6101 CONDOR DRIVE
CITY: MOORPARK
STATE: CA
ZIP: 93021
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
2023-02-24
0001745916
PennyMac Financial Services, Inc.
PFSI
0001571945
Bailey Steven Richard
C/O PENNYMAC FINANCIAL SERVICES, INC.
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE
CA
91361
1
Chief Servicing Officer
Common Stock
2023-02-24
4
A
0
2675
0
A
13744
D
Common Stock
2023-02-24
4
M
0
20166
0
A
33910
D
Common Stock
2023-02-24
4
F
0
9999
61.81
D
23911
D
Nonstatutory Stock Option (Right to Buy)
35.03
2021-02-26
2030-02-25
Common Stock
7702
7702
D
Nonstatutory Stock Option (Right to Buy)
58.85
2022-02-25
2031-02-24
Common Stock
12935
12935
D
Nonstatutory Stock Option (Right to Buy)
57.10
2023-02-23
2032-02-22
Common Stock
22769
22769
D
Nonstatutory Stock Option (Right to Buy)
60.74
2023-02-24
4
A
0
6688
0
A
2024-02-24
2033-02-23
Common Stock
6688
6688
D
Performance-Based Restricted Stock Units
2023-02-24
4
A
0
20166
0
A
Common Stock
20166
20166
D
Performance-Based Restricted Stock Units
2023-02-24
4
M
0
20166
0
D
Common Stock
20166
0
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 11,973 restricted stock units and 1,771 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 February 26, 2020 and vested on February 24, 2023, 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 return on equity and leverage ratio performance for the period of January 1, 2020 through December 31, 2022 resulting in a payout percentage for the award of 162%.
The reported amount consists of 11,973 restricted stock units and 21,937 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 performance-based restricted stock units.
The reported amount consists of 11,973 restricted stock units and 11,938 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 6,688 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.
/s/ Derek W. Stark, attorney-in-fact for Mr. Bailey
2023-02-28