0001127602-21-008534.txt : 20210301 0001127602-21-008534.hdr.sgml : 20210301 20210301191059 ACCESSION NUMBER: 0001127602-21-008534 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180309 FILED AS OF DATE: 20210301 DATE AS OF CHANGE: 20210301 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Perotti Daniel Stanley CENTRAL INDEX KEY: 0001591994 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38727 FILM NUMBER: 21700448 MAIL ADDRESS: STREET 1: C/O PENNYMAC, 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 2018-03-09 0001745916 PennyMac Financial Services, Inc. PFSI 0001591994 Perotti Daniel Stanley C/O PENNYMAC FINANCIAL SERVICES, INC. 3043 TOWNSGATE ROAD WESTLAKE VILLAGE CA 91361 1 Chief Financial Officer Common Stock 2021-02-25 4 A 0 2973 0 A 52218 D Common Stock 2021-02-25 4 M 0 17891 0 A 70109 D Common Stock 2021-02-25 4 F 0 6824 62.33 D 63285 D Common Stock 2021-02-26 4 F 0 759 58.85 D 62526 D Common Stock 222972 I The Perotti Family Trust Nonstatutory Stock Option (Right to Buy) 58.85 2021-02-25 4 A 0 12935 0 A 2022-02-25 2031-02-24 Common Stock 12935 12935 D Performance-Based Restricted Stock Units 2021-02-25 4 A 0 17891 0 A Common Stock 17891 17891 D Performance-Based Restricted Stock Units 2021-02-25 4 M 0 17891 0 D Common Stock 17891 0 D Nonstatutory Stock Option (Right to Buy) 21.03 2014-06-13 2023-06-12 Common Stock 2523 2523 D Nonstatutory Stock Option (Right to Buy) 17.26 2015-02-26 2024-02-25 Common Stock 16881 16881 D Nonstatutory Stock Option (Right to Buy) 17.52 2016-03-03 2025-03-02 Common Stock 16481 16481 D Nonstatutory Stock Option (Right to Buy) 11.28 2017-03-07 2026-03-06 Common Stock 16615 16615 D Nonstatutory Stock Option (Right to Buy) 18.05 2018-03-06 2027-03-05 Common Stock 22506 22506 D Nonstatutory Stock Option (Right to Buy) 24.40 2019-03-09 2028-03-08 Common Stock 17204 17204 D Nonstatutory Stock Option (Right to Buy) 22.92 2020-03-15 2029-03-14 Common Stock 18098 18098 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) 35.03 2021-02-26 2030-02-25 Common Stock 23105 23105 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 16,337 restricted stock units and 35,881 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 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%. The reported amount consists of 16,337 restricted stock units and 53,772 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 16,337 restricted stock units and 46,948 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 14,256 restricted stock units and 48,270 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 12,935 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 2,523 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of the first, second and third anniversaries of the grant date, subject to the Reporting Person's continued service through each date. This nonstatutory stock option to purchase 16,881 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. This nonstatutory stock option to purchase 16,481 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 committed service through each date. This nonstatutory stock option to purchase 16,615 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. This nonstatutory stock option to purchase 22,506 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. This nonstatutory stock option to purchase 17,204 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 18,098 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 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 23,105 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. /s/ Derek W. Stark, attorney-in-fact for Mr. Perotti 2021-03-01 EX-24 2 doc1.txt POWER OF ATTORNEY (PUBLIC): LIMITED POWER OF ATTORNEY FOR SECTION 16 REPORTING OBLIGATIONS Know all by these presents, that the undersigned hereby makes, constitutes and appoints each of Derek W. Stark,Charles Szurgot, Myra Stevens and Devra Lindgren, each acting individually, as the undersigned's true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to: (1) prepare, execute, acknowledge, deliver and file Forms 3, 4, and 5 (including any amendments thereto) with respect to the securities of PennyMac Financial Services, Inc., a Delaware Corporation (the ?Company?), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Section 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the ?Exchange Act?); (2) seek or obtain, as the undersigned's representative and on the undersigned's behalf,information on transactions in the Company's securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; and (3) perform any and all other acts which in the discretion of such attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing. The undersigned acknowledges that: (1) this Limited Power of Attorney authorizes, but does not require, such attorney-in-fact to act in their discretion on information provided to such attorney-in-fact without independent verification of such information; (2) any documents prepared and/or executed by such attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such information and disclosure as such attorney-in-fact, in his or her discretion, deems necessary or desirable; (3) neither the Company nor such attorney-in-fact assumes (i) any liability for the undersigned's responsibility to comply with the requirement of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 16(b) of the Exchange Act; and (4) this Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under the Exchange Act, including without limitation the reporting requirements under Section 16 of the Exchange Act. The undersigned hereby gives and grants the foregoing attorney-in- fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that such attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney. This Limited Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to such attorney-in-fact. IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney to be executed as of this 28th day of January, 2021. By: /s/ Daniel Perotti Name: Daniel Perotti A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached and not the truthfulness, accuracy or validity of that document. State of California } County of Los Angeles } On January 28, 2021, before me, Justin Joel Gamble, Notary Public, personally appeared Daniel S. Perotti who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. (Seal) Justin Joel Gamble Commission # 2279233 Notary Public - California Los Angeles County My Commission Expires: Mar 1, 2023 /s/ Justin Joel Gamble (Signature of notarial officer)