Form 4: PennyMac CFO Daniel Perotti Reports Stock Disposals for Tax Obligations

Daniel Perotti, CFO of PennyMac Financial Services, reported disposing of shares to cover tax obligations related to vesting restricted stock units.

Summary

• Daniel Stanley Perotti, the Chief Financial Officer of PennyMac Financial Services, Inc. [PFSI], reported changes in beneficial ownership of the company's common stock.
• On February 27, 2024, Mr. Perotti disposed of 354 shares of common stock at a price of $87.06 per share to cover tax obligations.
• Following this transaction, he directly owns 28,486 shares, including 9,259 restricted stock units and 19,227 shares of Common Stock.
• On February 28, 2024, Mr. Perotti disposed of 612 shares of common stock at a price of $87.06 per share to cover tax obligations.
• Following this transaction, he directly owns 27,874 shares, including 7,545 restricted stock units and 20,329 shares of Common Stock.
• He also indirectly owns 257,897 shares through The Perotti Family Trust.

Sentiment

Score: 5

Explanation: The document reflects a neutral sentiment as it reports routine stock transactions for tax purposes.

Industry Context

This is a routine filing related to stock transactions by a company insider, specifically to cover tax obligations arising from the vesting of restricted stock units, which is a common practice.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the small number of shares involved.

Key Dates