Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-21-008530
Date:2021-02-25
Issuer: PENNYMAC FINANCIAL SERVICES, INC. (PFSI)
Original Submission Date:

Reporting Person:

SPECTOR DAVID
C/O PENNYMAC FINANCIAL SERVICES, INC.
3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-02-25 A 12,319 a $0.00 1,076,197 direct
COMMON STOCK 2021-02-25 M 55,052 a $0.00 1,131,249 direct
COMMON STOCK 2021-02-25 F 25,891 d $62.33 1,105,358 direct
COMMON STOCK 2021-02-26 F 1,853 d $58.85 1,103,505 direct
COMMON STOCK 2021-02-25 0 $0.00 465,604 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
NONSTATUTORY STOCK OPTION (RIGHT TO BUY) 58.85 2021-02-25 deemed execution date A 53,589 (a) 2022-02-25 2031-02-24 common stock 53,589 $58.85 53,589 direct
PERFORMANCE-BASED RESTRICTED STOCK UNITS 0.0 2021-02-25 deemed execution date A 55,052 (a) common stock 55,052 $0.00 55,052 direct
PERFORMANCE-BASED RESTRICTED STOCK UNITS 0.0 2021-02-25 deemed execution date M 55,052 (d) common stock 55,052 $0.00 0 direct
NONSTATUTORY STOCK OPTION (RIGHT TO BUY) 21.03 2021-02-25 deemed execution date 0 ( ) 2014-06-13 2023-06-12 common stock 40,735 $21.03 40,735 direct
NONSTATUTORY STOCK OPTION (RIGHT TO BUY) 17.26 2021-02-25 deemed execution date 0 ( ) 2015-02-26 2024-02-25 common stock 72,301 $17.26 72,301 direct
NONSTATUTORY STOCK OPTION (RIGHT TO BUY) 17.52 2021-02-25 deemed execution date 0 ( ) 2016-03-03 2025-03-02 common stock 61,120 $17.52 61,120 direct
NONSTATUTORY STOCK OPTION (RIGHT TO BUY) 11.28 2021-02-25 deemed execution date 0 ( ) 2017-03-07 2026-03-06 common stock 71,161 $11.28 71,161 direct
NONSTATUTORY STOCK OPTION (RIGHT TO BUY) 18.05 2021-02-25 deemed execution date 0 ( ) 2018-03-06 2027-03-05 common stock 69,252 $18.05 69,252 direct
NONSTATUTORY STOCK OPTION (RIGHT TO BUY) 24.4 2021-02-25 deemed execution date 0 ( ) 2019-03-09 2028-03-08 common stock 52,935 $24.40 52,935 direct
NONSTATUTORY STOCK OPTION (RIGHT TO BUY) 22.92 2021-02-25 deemed execution date 0 ( ) 2020-03-15 2029-03-14 common stock 55,488 $22.92 55,488 direct
NONSTATUTORY STOCK OPTION (RIGHT TO BUY) 59.68 2021-02-25 deemed execution date 0 ( ) 2020-12-14 2030-12-13 common stock 140,464 $59.68 140,464 direct
NONSTATUTORY STOCK OPTION (RIGHT TO BUY) 35.03 2021-02-25 deemed execution date 0 ( ) 2021-02-26 2030-02-25 common stock 59,466 $35.03 59,466 direct
Footnotes
IDfootnote
f1 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.
f2 the reported amount consists of 50,245 restricted stock units and 1,025,952 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 9, 2018 and vested on february 25, 2021, 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 39.4% for the period of january 1, 2018 through december 31, 2020 as measured against the roe target established at the time of grant. the payout percentage for the award based on roe achievement was 130%.
f4 the reported amount consists of 50,245 restricted stock units and 1,081,004 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 50,245 restricted stock units and 1,055,113 shares of common stock. the restricted stock units are to be settled in an equal number of shares of common stock upon vesting.
f7 represents shares withheld for taxes upon vesting of restricted stock units.
f8 the reported amount consists of 44,888 restricted stock units and 1,058,617 shares of common stock. the restricted stock units are to be settled in an equal number of shares of common stock upon vesting.
f9 this nonstatutory stock option to purchase 53,589 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.
f10 this nonstatutory stock option to purchase 40,735 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.
f11 this nonstatutory stock option to purchase 72,301 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.
f12 this nonstatutory stock option to purchase 61,120 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.
f13 this nonstatutory stock option to purchase 71,161 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.
f14 this nonstatutory stock option to purchase 69,252 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.
f15 this nonstatutory stock option to purchase 52,935 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.
f16 this nonstatutory stock option to purchase 55,488 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.
f17 this nonstatutory stock option to purchase 140,464 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.
f18 this nonstatutory stock option to purchase 59,466 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.
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