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