SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bailey Steven Richard

(Last) (First) (Middle)
C/O PENNYMAC FINANCIAL SERVICES, INC.
3043 TOWNSGATE ROAD

(Street)
WESTLAKE VILLAGE CA 91361

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PennyMac Financial Services, Inc. [ PFSI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Servicing Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/16/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/16/2024 M 4,312 A $58.85 18,982(1) D
Common Stock 09/16/2024 M 2,962 A $57.1 21,944(2) D
Common Stock 09/16/2024 M 4,627 A $57.1 26,571(3) D
Common Stock 09/16/2024 M 2,229 A $60.74 28,800(4) D
Common Stock 09/16/2024 S 10,265 D $116.7005(5) 18,535 D
Common Stock 09/16/2024 S 3,865 D $117.3722(6) 14,670 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Nonstatutory Stock Option (Right to Buy) $58.85 09/16/2024 M 4,312 02/25/2022 02/24/2031 Common Stock 4,312 $0 0 D
Nonstatutory Stock Option (Right to Buy) $57.1 09/16/2024 M 2,962 02/23/2023 02/22/2032 Common Stock 2,962(7) $0 12,218 D
Nonstatutory Stock Option (Right to Buy) $57.1 09/16/2024 M 4,627 02/23/2023 02/22/2032 Common Stock 4,627(8) $0 7,591 D
Nonstatutory Stock Option (Right to Buy) $60.74 09/16/2024 M 2,229 02/24/2024 02/23/2033 Common Stock 2,229(9) $0 4,459 D
Explanation of Responses:
1. The reported amount consists of 6,462 restricted stock units and 12,520 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
2. The reported amount consists of 6,462 restricted stock units and 15,482 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
3. The reported amount consists of 6,462 restricted stock units and 20,109 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
4. The reported amount consists of 6,462 restricted stock units and 22,338 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
5. The price reported is the weighted average price of multiple transactions ranging from $116.22 to $117.19. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
6. The price reported is the weighted average price of multiple transactions ranging from $117.27 to $117.60. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
7. This nonstatutory stock option to purchase 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.
8. This nonstatutory stock option to purchase 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.
9. This nonstatutory stock option to purchase shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 24, 2024, 2025 and 2026, subject to the Reporting Person's continued service through each date.
/s/ Derek W. Stark, attorney-in-fact for Mr. Bailey 09/18/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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