Form 4: PennyMac CEO David Spector Transfers Shares in Divorce Settlement
Insider Transaction Report
PennyMac Financial Services, Inc. Chairman and CEO David Spector reported the transfer of 25,000 shares of common stock to his former spouse as part of a divorce settlement.
Summary
- David Spector, Chairman and CEO of PennyMac Financial Services, Inc. (PFSI), reported a change in his beneficial ownership of common stock.
- On July 25, 2025, 25,000 shares of PennyMac Common Stock were transferred for no consideration.
- The transfer was made to Mr. Spector's former spouse pursuant to a divorce settlement.
- Following this transaction, Mr. Spector directly beneficially owns 577,859 shares of Common Stock.
- The direct ownership consists of 36,299 restricted stock units and 541,560 shares of Common Stock.
- Additionally, Mr. Spector indirectly beneficially owns 135,604 shares through ST Family Investment Company LLC.
Sentiment
Score: 5
Explanation: The filing reports a personal share transfer by the CEO due to a divorce settlement, which is a neutral event regarding the company's operational or financial performance.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Management Comments
- Shares of Common Stock were transferred for no consideration to the reporting person's former spouse pursuant to a divorce settlement, and the reporting person no longer reports beneficial ownership of these shares.
Industry Context
This filing details a personal transaction by a key executive and does not provide information related to broader industry trends or competitive dynamics within the financial services or mortgage sectors.
Stakeholder Impact
- Shareholders will note a change in the direct beneficial ownership of common stock by the Chairman and CEO, though this is due to a personal matter and not a sale for value.
Key Dates
| Date | Description |
|---|---|
| 07/25/2025 | Date of transaction where 25,000 shares of Common Stock were transferred. |
| 07/28/2025 | Date the Form 4 was signed by the attorney-in-fact for Mr. Spector. |
Keywords
PennyMac Financial Services, PFSI, David Spector, Form 4, Insider Transaction, Share Transfer, CEO, Director, Beneficial Ownership
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