0001127602-24-008244.txt : 20240304
0001127602-24-008244.hdr.sgml : 20240304
20240304180332
ACCESSION NUMBER: 0001127602-24-008244
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240229
FILED AS OF DATE: 20240304
DATE AS OF CHANGE: 20240304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bailey Steven Richard
CENTRAL INDEX KEY: 0001571945
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38727
FILM NUMBER: 24716899
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]
ORGANIZATION NAME: 02 Finance
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
X0508
4
2024-02-29
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
0
Common Stock
2024-02-29
4
A
0
2060
0
A
17953
D
Common Stock
2024-02-29
4
M
0
8494
0
A
15893
D
Common Stock
2024-02-29
4
F
0
3283
83.87
D
14670
D
Nonstatutory Stock Option (Right to Buy)
84.93
2024-02-29
4
A
0
5151
0
A
2025-03-01
2034-02-28
Common Stock
5151
5151
D
Performance-Based Restricted Stock Units
2024-02-29
4
A
0
8494
0
A
Common Stock
8494
8494
D
Performance-Based Restricted Stock Units
2024-02-29
4
M
0
8494
0
D
Common Stock
8494
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.
This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 25, 2021 and vested on February 29, 2024, 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, 2021 through December 31, 2023 resulting in a payout percentage for the award of 114.3%.
Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
This nonstatutory stock option to purchase 5,151 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 1, 2025, 2026 and 2027, subject to the Reporting Person's continued service through each date.
/s/ Derek W. Stark, attorney-in-fact for Mr. Bailey
2024-03-04