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

Daniel Perotti, CFO of PennyMac Financial Services, reports disposals of common stock to cover tax obligations upon vesting of restricted stock units.

Summary

• Daniel Stanley Perotti, the Chief Financial Officer of PennyMac Financial Services, Inc. (PFSI), filed a Form 4 on February 25, 2025, reporting changes in beneficial ownership.
• On February 23, 2025, Perotti disposed of 1,514 shares of common stock at a price of $101.25 per share to cover tax obligations.
• On February 24, 2025, Perotti disposed of 614 shares of common stock at a price of $101.25 per share to cover tax obligations.
• Following these transactions, Perotti directly owns 40,286 shares of common stock, including 11,632 restricted stock units and 28,654 shares of Common Stock.
• Perotti also indirectly owns 214,997 shares through The Perotti Family Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of Perotti's total holdings.

Key Dates