Form 4: PennyMac CFO Daniel Perotti Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Daniel Perotti, CFO of PennyMac Financial Services, disposed of 794 shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 28, 2025, Daniel Stanley Perotti, the Chief Financial Officer of PennyMac Financial Services, Inc. (PFSI), disposed of 794 shares of common stock to cover tax obligations.
- The transaction was executed at a price of $102.09 per share.
- Following the transaction, Mr. Perotti directly owns 39,492 shares, including 9,964 restricted stock units and 29,528 shares of common stock.
- Mr. Perotti also indirectly owns 214,997 shares through The Perotti Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This particular filing relates to the disposal of shares to cover tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of the transaction (disposal of shares). |
| 03/04/2025 | Date of signature by attorney-in-fact for Mr. Perotti. |
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